Iridium Communications Inc. has entered into an agreement to acquire Satelles, Inc., a provider of satellite-based time and location services (STL) that complement and protect GPS and other GNSS-reliant systems. This acquisition continues Iridium's philosophy of investing in differentiating technologies uniquely suited to its network that significantly outperform competing solutions. STL will consequently become a new business line of Iridium, led by Satelles CEO Dr. Michael O'Connor, who will report to Iridium CEO Matt Desch.
