Sateliot incorporates India subsidiary for IoT market expansion

Sateliot recently incorporated a subsidiary in India and said it sees India as a key market for Internet of Things growth.

TL;DR

• Sateliot said it has recently set up an India subsidiary.
• The company described India as a key market for its IoT business.
• Sateliot said it operates in more than 28 jurisdictions.

Sateliot, a European satellite operator, said it has recently incorporated a subsidiary in India. The company made the statement in comments reported by The Economic Times.

Sateliot said India is a key market for its business and linked that view to the growth potential it sees in the country’s Internet of Things sector. The source excerpt did not provide a launch date, investment amount, or local partner details.

Sateliot also said it is present in more than 28 jurisdictions. The source excerpt did not specify which services the India subsidiary will provide or whether the company has applied for Indian authorizations.

Related questions

• When did Sateliot incorporate its subsidiary in India?
• Why does Sateliot consider India a key IoT market?
• In how many jurisdictions does Sateliot operate?