Space technology company, Vestaspace Technology, is preparing to launch a constellation of more than 35 satellites across India to build 5G speed network connections and IoT functionalities across industries, the company announced today.
The India-based satellite manufacturing company and space service provider, will release a beta version of the satellite constellations in September. The project is based on the company’s AI-powered novel communication architecture.
It plans to launch a fully operational constellation of satellites into a low-earth-orbit or Geosynchronous Equatorial Orbit in early 2021, it said.
The company plans to replace traditional fibre networks with these satellite constellations so as to provide high-speed 5G network connectionswith its unmanned software data processing.
“Our satellite data will provide in-depth solutions for the telecom industry and the common people. To provide 5G Internet network solutions to the urban, rural and unserved regions, we have positioned eight ground stations and 31,000 data receptors all over India. This has been made possible with the help of accurate positioning and telemetry-related activities,” said Arun Kumar Sureban, Founder & CEO, Vestaspace Technology.
Vestapace recently introduced a new solution to help users uplink and downlink data securely while browsing the Internet.
“The solutions will prevent fraud and illegitimate operations while uploading/ downloading data from satellites,” it said.
The space tech company recently secured $10 million in funding from the US-based investment firm, Next Capital LLC, to expand its operations in India and abroad. It is also collaborating with multiple space agencies, including the Indian Space Research Organisation (ISRO) and the National Aeronautics and Space Administration (NASA), on various strategic projects.
Thank you for being a loyal user of Portfolio.
Portfolio will be a paid section hereon.
Please Subscribe to get access to one of our early bird packs.
Or click on Free Trial to get 14 days free trial.
What You'll Get
-
Web + Mobile
Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.
-
Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials
Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.
-
Ad free experience
Experience cleaner site with zero ads and faster load times.
-
Personalised dashboard
Customize your preference and get a personalized recommendation of stories based on your interest.
Published on
May 26, 2020
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Sincerely,
Support Quality Journalism