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Redeye initiates coverage of Wyld Networks, a UK-based virtual satellite operator that targets a global market. Its current pre-launch order book of SEK 31m excluding MRR suggests Wyld is set for high growth. The market’s expectations for Wyld’s future growth appear too defensive, as we believe the investment offers unique exposure to the frontier techniques of LEO satellites, LoRaWAN, and the IoT.
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