A telco in the Philippines has called dibs on a small geostationary spacecraft launching early next year that Astranis had reserved for Andesat, the cellular backhaul provider now facing delays to deploy Peru’s first dedicated telecoms satellite.

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Jason Rainbow writes about satellite telecom, space 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...