Exclusive multi-million dollar deal!
mu Space brings Low Earth Orbit (LEO) connectivity solutions to Mainland Southeast Asia
mu Space and Advanced Technology CO., LTD, Satellite manufacturer and satellite internet service provider, has reached an exclusive deal with OneWeb to provide Low Earth Orbit (LEO) connectivity solutions across mainland Southeast Asia including Thailand, Laos, Cambodia, Vietnam, Myanmar and Malaysia this year. The deal aims to provide internet connectivity to underserved remote areas, with mu Space being pioneers of the aerospace industry in Mainland Southeast Asia, the company intends to provide satellite internet connectivity to remote areas for both commercial and civil governmental use.
What’s in the exclusive deal?
The scarcity of internet connectivity should not be an issue in any area around the world, especially as people become more and more dependent on the internet. Education, business, and healthcare all rely on the power of the internet, therefore those without access to the internet are left behind. mu Space aims to give a chance to everyone in Mainland Southeast Asia to stay connected to the internet. Being the sole distributor for OneWeb in this region, mu Space will provide a wide range of services to each sector, including the government, telecommunications, aviation, maritime, land vehicle, backhauling and healthcare sectors to support the customer’s needs as well as connecting remote communities in the region.
mu Space founder, CEO and CTO, James Yenbamroong , had the following to say about this exclusive deal:
“We are excited to announce this exclusive partnership as it signifies our strong and excellent relationship with OneWeb. The expansion of broadband internet connectivity to remote areas that lack connections is highly crucial and we’re glad to be part of making this possible through space and ground technologies. Our expertise and knowledge of our region, as well as innovative technology, enable mu Space to tailor solutions to provide an ideal supplement to each sector in each nation. Finally, on behalf of mu Space, I would like to express how proud we are to be a part of this innovation that will have a great influence and benefit our region.”
The economics of the deal
This deal between mu Space and OneWeb could see a potential revenue of $100 Million, or 3 Billion Baht, within the first six years of serving the Mainland Southeast Asia region, after the six years, mu Space has the right to extend the deal. With latest trends suggesting that next-generation satellite launches will only increase in the future, this deal could be worth three times the amount of the first 6 years, falling at around 10 Billion Baht.
Possible Use-Cases
Remote monitoring of natural disasters like forest fires is just one life saving example that remote communities can gain through this agreement. Similar equipment could also be placed at dams, in order to track water levels and warn against potential flooding, furthermore, those affected by disasters that damage electricity and communication signals can still get help and assistance as the technology can help locate and connect citizens to authorities. Additionally remote education and telehealth are other possible use cases for the advanced connectivity offered by mu Space and OneWeb.
mu Space, COO, Samathorn Teankingkaeo had the following statement regarding the deal:
“This deal will make a positive impact towards Thailand and Mainland Southeast Asia, it will allow mu Space to provide broadband internet connectivity to remote areas that lack connections. The OneWeb satellite services come with high quality and seamless connectivity, helping solve connectivity problems in unserved and underserved areas, thus benefiting our people, the country, and the region as a whole.”
mu Space and OneWeb joining forces will have a positive impact on the space economy in Southeast Asia, and most importantly it will help remote communities gain access to internet connectivity and improve their daily lives.
