# Tern Plc comments on significant rise in the share price of Wyld Networks AB

- Link: https://www.directorstalkinterviews.com/tern-plc-comments-on-significant-rise-in-the-share-price-of-wyld-networks-ab/4121124679
- Published: 2023-08-04T14:12:41+01:00
- Author: Emily Johnson

**[Tern Plc](https://www.directorstalkinterviews.com/company/tern-plc/tern.l)** (
[LON:TERN](https://www.directorstalkinterviews.com/company/tern-plc/tern.l)), the
company focused on value creation from Internet of Things (“IoT”) technology businesses,
has noted the recent rise in the Company’s share price. The Board also notes today’s
significant rise in the share price of Wyld Networks AB. Wyld Networks has published
a press release today in relation to the signing of an agreement with SpaceX to 
discuss potential areas of collaboration.

Wyld Networks is a portfolio company of Tern’s in which Tern currently owns approximately
27%.

**Extracted from a translation of the Wyld Networks press release:**

“Space X offers satellite connectivity for broadband through Starlink and connectivity
for IoT through Swarm. Wyld and SpaceX will explore potential areas of collaboration
to collect data from IoT sensors in remote locations.

Satellite connectivity can help bridge the digital divide and increase the reach
and resilience of connections for IoT devices. This is particularly the case for
the 85% of the Earth’s surface that has no cellular coverage.

Both SpaceX and Wyld Networks operate on low-bandwidth satellite connectivity using
satellites orbiting in low orbit. These satellites cover every point on Earth, enabling
IoT devices to operate and deliver data at an affordable price, anywhere on Earth.

SpaceX and Wyld will initially explore the potential of offering remote connectivity
in North, Central and South America.

Wyld Networks’ IoT engineering team is a leader in delivering satellite IoT connectivity
solutions. Their innovative technology leads to exceptional performance with satellites
orbiting the Earth in low Earth orbit.

“We are excited to explore possible areas with SpaceX where our technology can enable
additional connectivity and access to data from sensors and devices in remote locations,”
said Alastair Williamson, CEO Wyld Networks. “With Wyld Connect available to deliver
data from IoT devices anywhere on Earth, this is a great opportunity to partner 
with the world’s most important satellite companies.””

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