Mangold is initiating coverage of Wyld Networks with a Buy Recommendation and price target of SEK 25.25 over a 12-month period. Wyld Networks is a Virtual Satellite Network Operator company for the IoT (Internet of Things) which was listed on First North on 2 July 2021. The purpose of Wyld's solution is to connect Internet to IoT ("Internet of Things") devices and sensors to the internet using LEO ("Low Earth Orbiting") satellites and to deliver the data to its customers. Today only 15 percent of the worlds surface is covered by terrestrial wireless networks to connect IoT devices to the internet. LEO satellites can provide 100 percent global wireless coverage for IoT networks through the Wyld Connect satellite technology.
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