Intelsat has purchased an equity stake in satellite communications antenna manufacturer Kymeta following joint efforts to develop the Kalo satellite services and mTenna antenna technology.
The satellite operator said Tuesday the transaction comes with the appointment of Intelsat CEO Stephen Spengler into Kymeta’s board of directors.
“The demand for fast, reliable broadband connectivity requires innovation in-orbit and across the entire satellite ecosystem to unlock new growth opportunities,” said Spengler.
Nathan Kundtz, founder, president and CEO of Kymeta, added the investment serves to combine Intelsat’s global satellite network and Kymeta’s services package.
