BusinessQuiet 85d · day 85
China grants Geely's Geespace first private satellite IoT trial permit
MIIT approves a two-year trial letting Geely's space unit offer commercial satellite IoT connectivity, a first for a private Chinese firm.
What to know
- This is China's first approval of a private-sector commercial satellite IoT trial, granted to Geely's Geespace unit.
- The two-year permit lets Geespace offer satellite connectivity services to sectors such as transport and energy.
- The move signals Beijing's continued effort to open its commercial space and satellite communications sector to private capital.
Zhejiang Geespace Technology Commercial space subsidiary of GeelyGeely Chinese electric vehicle giant, parent of GeespaceMinistry of Industry and Information Technology (MIIT) Chinese telecom/industry regulator
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