LeoSat Lands Hispasat Investment, Partnership

Hispasat will invest in LeoSat in a deal that they said will complement Hispasat's geostationary fleet with LeoSat's planned low earth orbit (LEO) constellation and give the Spanish satellite operator a route to new data market verticals. Pointing to a similar 2017 investment in LeoSat by Sky Perfect, LeoSat and Hispasat said Tuesday the LEO operator will work with both for their commercial and regulatory expertise and on such efforts as vendor selections for customer premise equipment and ground operations and further optimization of the satellite platform. LeoSat said launch of its constellation is expected to begin next year.