The first Hungarian commercial satellite will launch in 2024 and will offer broadcast, Internet and phone service as well as transmit data and assist scientific research.
According to szeretlekmagyarorszag.hu, the CarpathiaSat Hungarian Space Telecommunications Corporation will operate the satellite. The company was founded by 4iG, a company that had been winning public procurements in the Hungarian information technology sector, one after the other ,since 2018 when it became part of the Mészáros-empire.
The 4iG has 51% in the CarpathiaSat Hungarian Space Telecommunications Corporation also obtained the right to control it. Further shareholders are Antenna Hungária Ltd. with 44% and New Space Industries Ltd. with 5%.
The new company is going to have the right to operate the satellite’s geostationary orbit for 20 years after 2024. The strategic goal of the 4iG is to become the leading telecommunications and IT company in the East-Central-European region by establishing strong positions in the sector. Operating the satellite fits well into the long-term development strategy of the 4iG.
CEO Gellért Jászai said in a statement that 4iG is 25 years old this year and launching a satellite means a new cornerstone in their history and will provide further business possibilities. Hungary is poised to become a key player in the international space industry.