KT SAT to participate SatelliteAsia 2023 showcasing its Multi-Orbit Satellite Solution in Singapore

$KT
Telecommunications Equipment
Telecommunications
Get the next $KT alert in real time by email

SEOUL, South Korea, June 8, 2023 /PRNewswire/ -- KT SAT, South Korea's the sole satellite service company with its self-owned satellites, participated in SatelliteAsia 2023, a biggest satellite technology trade show throughout Asia Pacific region held in Singapore Expo from 7th to 9th, June.

KT SAT has set up the exhibition booth to showcase its competitive services and solutions along with this year's business strategy, laying the foundation to become a Multi-Orbit satellite operator. This year, the MEO (Medium Earth Orbit) satellite service of Mangata Networks took up a big portion of the booth. MEO capacity, which is secured by partnership with Mangata Networks, is one of the important resources for KT SAT to proceed a Multi-Orbit business.

As a part of its Multi-Orbit business strategy, KT SAT invested in Mangata Networks which provides end-to-end cloud-based solutions, powered by a global satellite and terrestrial network. Following the investment, KT SAT also signed a MEO capacity purchase contract with Mangata in order to meet diverse customer needs with Multi-Orbit networks including its self-owned GEO capacity. The contract includes the target service date of 2026 and service region of Southern East and East Asia such as Indonesia, Malaysia and India etc.

Brian Holz, CEO of Mangata Networks said "We are building a multi-orbit constellation of HEO (highly elliptical orbit) and MEO (medium Earth orbit) satellites and a terrestrial grid of edge data centers to provide seamless connectivity with cloud and IoT services. We are delighted to be partnering with KT SAT to provide MEO capacity to Southern East and East Asia which are significant regions in the industry expecting it to play a key part in our growth strategy. "

KT SAT also showcased its next generation satellite solutions – Edge Computing over Satellite and Multi-beam Terminal- aligned with its business strategy. Edge Computing over satellite is about processing data closer to where it's being generated enabling processing at great speed and volume, leading to reduce satellite backhaul bandwidth and minimize latency. No matter what kinds of satellite network is used, it can apply to any networks including GEO, MEO and LEO.

Multi-beam terminal, an integrated satellite terminal that includes antenna and modem, enables simultaneous Tx/Rx operation on GEO and other NGSO satellites through multi-beam radiation. KT SAT is applying its own-developed Hybrid solution to the terminal so that it will be able to provide a merged speed of multiple networks and seamless hand over between networks.

Along with Multi-orbit service, KT SAT will further expand its GEO business domain. Tata group company Nelco, a leading satellite communication service provider in India, also expressed an interest in KT SAT's GEO service expansion. Recently, KT SAT and Nelco entered into a partnership to bring KT SAT's  GEO service in India with KORASAT-7. At the Satellite Asia 2023 event, both companies discussed various ways to bring value of connectivity in India and to strengthen the partnership.

Kyungmin Daivd Song, CEO of KT SAT said "We are endeavoring to raise service competitiveness and customer satisfaction by establishing fundamentals to be a Multi-Orbit service provider with Multi-orbit satellite portfolio and high quality solutions"

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kt-sat-to-participate-satelliteasia-2023-showcasing-its-multi-orbit-satellite-solution-in-singapore-301845894.html

SOURCE KT SAT

Get the next $KT alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$KT

DatePrice TargetRatingAnalyst
3/3/2025Neutral → Buy
Goldman
2/19/2025Buy
UBS
7/11/2024Buy → Neutral
Goldman
11/7/2023Neutral → Buy
BofA Securities
9/12/2023Equal-Weight → Overweight
Morgan Stanley
3/7/2023Buy → Neutral
BofA Securities
4/14/2022$18.73Buy
BofA Securities
More analyst ratings

$KT
Press Releases

Fastest customizable press release news feed in the world

See more
  • KT Corp. Files 2023 Annual Report on Form 20-F

    SEOUL, South Korea, April 30, 2024 /PRNewswire/ -- KT Corporation (NYSE: KT), South Korea's largest integrated telecom and digital platform service provider, announced that it has filed its Form 20- F Annual Report on April 30th, 2024 for the year ended December 31, 2023 with the Securities and Exchange Commission of the United States. The report can be accessed on KT's English website at https://corp.kt.com/eng in the Investors section under Business Report as well as the SEC's Edgar database at www.sec.gov. Shareholders may also request a hard copy of the Form 20-F Annual Report that includes audited financial statements of 2023, free of charge, by sending an e-mail to the Company's IR dep

    $KT
    Telecommunications Equipment
    Telecommunications
  • DSP Concepts Provides Voice Control Optimizing Technology for the KT Genie TV All-in-One Soundbar

    The 2023 Red Dot Product Design winner features the GiGA Genie AI voice assistant powered by TalkTo™ technology DSP Concepts, the embedded audio software leader and creator of the Audio Weaver® development platform, announced today its collaboration with top South Korea telecom KT Corporation to bring smart voice control to KT's latest set-top box, the Genie TV All-in-One Soundbar. With the Genie TV, KT delivers premium tuning and immersive sound combined with precision far-field voice recognition enabled with TalkTo from DSP Concepts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230612938732/en/DSP Concepts: Audio Technolog

    $KT
    Telecommunications Equipment
    Telecommunications
  • KT SAT to participate SatelliteAsia 2023 showcasing its Multi-Orbit Satellite Solution in Singapore

    SEOUL, South Korea, June 8, 2023 /PRNewswire/ -- KT SAT, South Korea's the sole satellite service company with its self-owned satellites, participated in SatelliteAsia 2023, a biggest satellite technology trade show throughout Asia Pacific region held in Singapore Expo from 7th to 9th, June. KT SAT has set up the exhibition booth to showcase its competitive services and solutions along with this year's business strategy, laying the foundation to become a Multi-Orbit satellite operator. This year, the MEO (Medium Earth Orbit) satellite service of Mangata Networks took up a big

    $KT
    Telecommunications Equipment
    Telecommunications

$KT
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$KT
SEC Filings

See more

$KT
Financials

Live finance-specific insights

See more
  • S. Korea's KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation

    SINGAPORE, Sept. 9, 2021 /PRNewswire/ -- KT Corp. ((KRX: 030200, NYSE:KT), South Korea's largest telecommunications company, has acquired Singapore-headquartered Epsilon Telecommunications, a global connectivity provider that simplifies how businesses connect applications and data around the world and in the cloud. The acquisition matches Epsilon's agile innovation in international networking with KT's world-class telecommunications services, customers, leadership, and resources. "We are excited to announce the acquisition of Epsilon and welcome the team to the KT family of businesses. Epsilon provides mission-critical networking for global digital transformation and maximising the value of

    $KT
    Telecommunications Equipment
    Telecommunications

$KT
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more