• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Australia’s Telstra brings home satellite tech with Musk’s SpaceX

by January 9, 2025
written by January 9, 2025

(Reuters) -Top Australian telco Telstra (OTC:TLGPY) said on Thursday it is collaborating with billionaire Elon Musk’s SpaceX to bring satellite connectivity technology to its regional customers.

Telstra has partnered with satellite-based internet provider Starlink to bring the latter’s Starlink-to-Mobile technology to Australia, enabling the U.S. firm to deliver satellite broadband connectivity directly to compatible mobile phones, particularly in remote areas.

“The collaboration would enable Telstra customers to send and receive SMSes on a compatible mobile phone in most parts of Australia where there is a direct line of sight to the sky,” said Telstra Group Executive of Global Network and Technology Shailin Sehgal.

This is not the first collaboration between the two firms; in 2023, Telstra signed an agreement with Starlink to offer voice-only and voice-plus-broadband services in rural and remote areas of Australia.

Additionally, U.S. EV maker Tesla (NASDAQ:TSLA), where Musk serves as the CEO, is chaired by Robyn Denholm, a former finance and operations head of Telstra.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Second US port strike averted as union, employers reach deal
next post
Nvidia’s Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (463)
    • Stock (6,426)

    Latest News

    • Netflix says its ad tier now has 94 million monthly active users
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

    Popular News

    • China’s Xi urges govt officials to push for reform, meet targets
    • Mexico stocks lower at close of trade; S&P/BMV IPC down 1.25%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy