The executive leaders of Asia's regional satellite operators share a common strategy for long-term profitability in an increasingly unpredictable environment — expand the scope of their businesses beyond just satellites. "We don’t want to be a pure infrastructure play anymore," Asiasat CEO Roger Tong told attendees at SATELLITE 2021's EMEA + Asia Digital Forum on…

Tokyo-based Earth observation company Axelspace completed a successful Series C fundraising campaign that netted 2.58 billion Japanese Yen ($23.8 million) from investors including The Space Frontier Fund, Japan Co-Invest III Limited Partnership, 31Ventures, Kyocera, and Mitsubishi UFJ Capital. As a result, Axelspace will allocate new shares of the company to the new investor group. Axelspace…

SoftBank is slowing rebuilding its position with OneWeb by entering into a new cooperative agreement to combine the Low-Earth Orbit (LEO) constellation operator's services with SoftBank's Digital Transformation (DX) platform. The Japanese multinational holding company will also help OneWeb set up ground stations in Japan and promote services in both domestic and international markets. "SoftBank…

Gilat Satellite Networks Ltd. has recently signed two deals with telecommunications companies for its SkyEdge II-c Very Small Aperture Terminal (VSAT) network platform. On Monday, Gilat announced a $3 million deal with an unnamed “Tier-1 telco” in Latin America to deploy VSATs in remote schools to bridge the digital divide.  The SkyEdge II-c VSAT network…