The Pentagon has formed a partnership with private investor group Concerto Advisors, commercial-satellite operator Intelsat Ltd. and Cisco Systems Inc. to deliver high-speed Internet connections to military units on the move, the WSJ reports.
We couldn’t find a Web site for Concerto, and the WSJ calls it a “fledgling private-equity fund.” Here’s a snippet:
The demonstration project requires private investors led by a fledgling private-equity fund to shoulder the entire cost of a networking system for directing messages. Slated to be added to an Intelsat satellite already under construction, that portion of the spacecraft’s capacity would be reserved for military and intelligence customers.
Private investors are gambling the military will make long-term commitments to support technical breakthroughs and new acquisition procedures. About $80 million is budgeted for the first satellite installation, including government funds for testing and evaluation. But Claire Fairfield, managing director of venture fund Concerto Advisors Inc., said his group is looking to raise up to $200 million to fund four similar projects involving Intelsat or other commercial operators.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more