[Featured Stock] 'OneWeb Beneficiary' IntellianTech Rises Over 8%

As OneWeb's low Earth orbit satellite service is expected to replace Starlink in Europe, the stock price of Intellian Technologies, a supplier to OneWeb, is showing strong performance.

As of 11:34 AM on the 11th, Intellian Technologies was trading at 42,750 KRW, up 3,250 KRW (8.23%) from the previous trading day.

Leading Investment & Securities analyzed that Intellian Technologies is expected to benefit from the expansion of OneWeb's satellite communication services in Europe.

Researcher Seongman Yoo from Leading Investment & Securities explained, "In Ukraine, Europe, due to the suspension of military support caused by friction between the US and Ukraine, there is growing concern that the US 'Starlink' service in Ukraine may be interrupted, increasing the possibility of 'OneWeb' replacing Starlink."

He added, "Accordingly, the stock price of European company 'Eutelsat', which acquired OneWeb, surged, and benefits for Intellian Technologies, which supplies to OneWeb, are expected."