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ST Engineering completes JV setup in UK
Singapore Technologies Engineering's Electronics arm, ST Engineering Electronics Ltd. has completed the set-up of the JV company named Jet-Talk Limited (Jet-Talk) with SatixFy UK Limited.
ST Engineering Electronics has injected its proportional 49 percent share amounting to USD 10 million into the capital of Jet-Talk. Jet-Talk, which is based in the UK, aims at developing a satellite antenna system that delivers enhanced in-flight connectivity for commercial aviation. Through this joint venture business, ST Engineering Electronics seeks to enhance its global access to emerging high growth commercial aviation connectivity market, a short announcement from the company states.
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