Nsr 2023
IFC Revenue to Reach $38.8 Billion by 2030, Driven by HTS Capacity DemandJune 07, 2021 02:00 ET | Source: NSR CAMBRIDGE, Mass., June 07, 2021 (GLOBE NEWSWIRE) -- NSR’s latest report, Aeronautical Satcom Markets,
9th Edition (Aero9) sees a rebound on the horizon for significantly impacted aero In-Flight Connectivity (IFC)
services, with a U-shaped recovery underway and revenue expected to reach $38.8 Billion through 2030. A clear trend of accelerated migration to High Throughput Satellite (HTS) networks drives growth, and with recovery from COVID-19 losses by 2023, Aero HTS capacity demand will reach 924 Gbps by 2030. While 2nd wave restraints moved COVID-19 recovery timelines further to the right, the trend of accelerated migration to HTS networks is evident in the technology roadmaps of top service providers and integrated operators such as GoGo's recent transition to the 2Ku network. “The opportunity in the IFC market is undeniable and hence, demand for connectivity and more bandwidth will accelerate post 2023,” notes lead report author and NSR Senior Analyst Vivek Suresh Prasad. “Upcoming capacity supply, entry of new solutions, falling capacity and service pricing, increased migration to HTS and free service models will all be major growth trajectory accelerators.” “The migration to HTS is expected to address critical drawbacks to IFC growth, such as low speeds and limited bandwidth allotted per aircraft, while the upcoming GEO and Non-GEO constellations will mitigate coverage challenges,” explains NSR Analyst and report co-author Joseph Ibeh. Overall, the coming improved inflight connectivity experience will drive user take-up rates and bandwidth utilization. As revenue and capacity demand skyrocket and pricing declines, major service providers and integrated operators will be the ones to watch. About the Report For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743. About NSR Companies Profiled or Mentioned in this Report Press Contact:
(AIM Ticker: LND.L) , /CNW/ - Landore Resources Limited (AIM: LND) ("Landore Resources" or "the Company") is pleased to confirm that further to the announcement on 24th October 2022 (the "Announcement"), ASX-listed Green Technology Metals Ltd ("GT1") completed the acquisition of Ardiden Limited's 20% interest in the Root Lake property (the "GT1 Acquisition") on 28th October 2022. As set out in the Announcement, GT1 had concluded the purchase of 50% (1.5%) of the 3% net smelter royalty ("NSR") that Landore held over the Root Lake Property for CAN$2 million in cash and, subject to completion of the GT1 Acquisition, had agreed to exercise an option to purchase the remaining 1.5% NSR in return for a further cash payment of CAN$1 million. With all conditions now met, GT1 has concluded the acquisition of the entire 3% NSR. Landore has received a total of CAN$3 million in cash and will no longer have an interest in the Root Lake Property. The cash proceeds of will be used to fund additional exploration activities at Felix, Lamaune and BAM at the Junior Lake property and the Company's ongoing working capital requirements. Commenting on the receipt of the C$3 million, Chief Executive Office of Landore Resources, Bill Humphries, said: "The proceeds from the sale of the Root Lake NSR have provided the Company with significant funding, without diluting our shareholders, at a time of difficult market conditions for junior exploration companies. In addition, further funds of C$250,000, plus shares to the value of C$750,000, are expected to be received from Lithoquest on the 6th January 2023, subject to the terms of the option agreement entered into in respect Landore's Miminiska Lake and Kheezik Lake properties, further details of which are set out in the announcement released by the Company on 10th May 2021. Landore is well funded into the New Year." For more information, please contact:
SOURCE Landore Resources Limited CisionView original content: http://www.newswire.ca/en/releases/archive/October2022/31/c4340.html |