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US: Mobile satellite firm eyes India assets

 |  November 24, 2014

A US-based mobile satellite communications firm is reportedly looking to expand through an acquisition in India.

Iridium has been looking to break ground in India for several years, reports say, and could soon do so through a deal with BSNL, a state-run telecom conglomerate.

Reports say BSNL may only be doing business with just one satellite operator, the International Maritime Satellite Organization. While Iridium said it would like to make a deal in India, the US company said because of a lack of competition, a vendor selection process may prove costly and “distorted.”

BSNL will choose only one satellite operator despite Irigium’s reported interest in working with INMARSAT, say reports.

Full content: Economic Times of India

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