With smartphones and high-speed Internet making inroads across the nation's networks and President Barack Obama making a high-profile promise in his State of the Union address to bolster broadband networks, The Washington Post reports that satellite telecommunications firms could stand to gain the most.
That's because so-called “terrestrial“ broadband lines often don't stretch into far-flung rural corners of the United States.
Area satellite telecom firms, such as Iridium, based in McLean, Va., told The Post they have seen seen demand growing.
According to The Post, Iridium connects 400,000 devices over its network, an increase of 25 percent from last year. And, CEO Matt Desch said most of those devices are sending data over the networks not phone calls.
“Most of that is really driven around business cases of when you know where your assets are, what they’re doing and how they’re performing, you can save money or make money,” he said.
He also told The Post Iridium planned to launch even more satellites in the future.