ASX-listed mobile satellite technology firm Beam Communications has kept its net profit for 2019-20 steady despite the ongoing coronavirus pandemic, with the company reporting $341,000 for the financial year, against $339,000 in 2018-19.
Beam Communications, a subsidiary of World Reach, has designed, developed and made what is claimed to be the world's first satellite and LTE Wi-Fi hotspot under an OEM arrangement with Dubai's Thuraya Telecommunications.
Optus claims it can now effectively deliver 100% mobile coverage across Australia by turning your smartphone into a satellite phone – but that’s only if you are in line of sight with a satellite and you have the latest SatSleeve satellite phone or a SatSleeve Hotspot Wi-Fi app from Thuraya.
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