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Redeye comments on the recent news of satellite launches by Wyld Network’s partners, namely Eutelsat, Lacuna Space, and DEWA, for their Low Earth Orbit (LEO) satellite constellation supporting LoRaWAN IoT services. The partners have increased their total LEO satellite fleet from 10 to 13 LEO satellites. We view this expansion of connectivity capacity as a positive indicator of the future outlook. We reiterate our fair value range with a Base case of SEK23 per share.
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