Smaller than traditional GEO communications satellites, Ovzon 3 has five steerable beams and a reprogrammable onboard processor that acts as a mesh network, enabling remote user terminals to operate independently of a teleport. Credit: Maxar/Ovzon/Proventus AB

TAMPA, Fla. — Ovzon’s first fully owned satellite has reached its geostationary position after a five-month journey in space and passed initial health checks, the Swedish broadband operator announced June 14.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...