SES Astra, a Luxembourg-based unit of SES Global [Luxembourg: SESG], and Industrial Development Corporation (IDC) of South Africa have agreed to invest in IP Direct, a satellite broadband venture started by Africa Venture Partners (AVP). SES Astra is taking a 40.96 percent stake in IP Direct; IDC’s stake was not disclosed. Financial terms were also not disclosed. IP Direct will use high power Ku-band space segment on the Astra 2B satellite located at 28.2 degrees East Longitude to provide optimal broadband coverage of West Africa.
SES Astra, IDC Invest In African Broadband Venture
Trending Now
-
Government/MilitaryViasat Secures PTS-G U.S. Space Force SSC Swarm 1 Contract
