The deal will see Sky and Space (ASX: SAS) and GTS collaborating with GTS becoming a key reseller of the SAS Solution, with the intent for GTS to include the SAS Solutions in its communications services offering.
SAS plans to deploy a constellation of 200 highly sophisticated nano-satellites over the Equatorial Belt, and the network of nano-satellites will provide affordable voice, data, instant messaging, M2M and IoT communications around the clock.
SAS says the signing of the MoU agreement with GTS supports its business global rollout model of establishing a localised and international reseller network which will enable efficient provision of SAS’s connectivity solutions to equatorial locations and “becoming a leading player in the satellite communication market”.
“We are excited to have announced this pro-competitive transaction and look forward to delivering benefits to customers from the enriched product offerings and the expanded networks of the merged entity,” said founder and managing director of Globe Teleservices, Ashutosh Agrawal.
“The move would further strengthen the position of the company to give us a global recognition.”