True Corporation (True) has entered the space technology industry by partnering with GalaxySpace, a Chinese company specializing in low Earth orbit (LEO) satellite internet services.
Through this collaboration, both entities aim to improve Thailand's digital telecom infrastructure and enhance the competitiveness of the sector, ultimately driving the country's digital economy forward. True recently signed a Memorandum of Understanding (MoU) with GalaxySpace to work together on joint studies, knowledge exchange, and the development and validation of information and telecom technologies.
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Exploring Innovation
The entities will explore LEO satellite broadband communication technology, convergence solutions for space-based and terrestrial networks, and direct-to-cell (D2C) satellite communication technology, as well as hardware development innovation. The partnership will also explore possible satellite use cases and applications in Thailand.
Manat Manavutiveth, True's CEO, explained, “True is committed to upgrading the country's digital telecom infrastructure to improve the quality of life for Thais, enhance our business competitiveness and strengthen Thailand's digital economy. We believe the outcomes derived from joint studies, research, and sharing of experiences and expertise between the two companies will lead to the creation of innovative LEO satellite technology services that will create significant changes and benefits for Thais and the country in the future."
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Xu Ming, the Founder, Chairman, and CEO of GalaxySpace, highlighted the strategic partnership with True as a key step in the company's global expansion in satellite internet and LEO satellite technology advancement. GalaxySpace has already made significant progress in this field, including the successful testing of China's first LEO satellite broadband communication test constellation.
Ming noted that Thailand's dynamic business environment and market potential make it a priority market for GalaxySpace in Southeast Asia. The collaboration with True will accelerate the research and validation of D2C (direct-to-consumer) satellite technology and promote innovative applications of LEO satellite internet in various sectors such as maritime, agriculture, education, and connected vehicles in Thailand and the region, driving industry advancements.
Overall, the partnership between True and GalaxySpace reflects the rapid growth and potential of the commercial space industry, showcasing the transformative impact of innovation and market-driven applications on the global economy.
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