BT, Altitude Angel form drone UTM partnership in UK mega-corridor
UK companies BT and unified traffic management (UTM) specialist Altitude Angel have struck a deal combining their work building the nation’s 165-mile drone superhighway, based on an agreement that gives the telecom giant an equity stake in the startup.
Under the accord, BT will provide Altitude Angel nearly $6 million in funding for its UTM work on the future drone corridor. It will be developed with the two groups coordinating their tech and hardware contributions to enable safe navigation of UAVs in the same airspaces as legacy craft. As part of that exchange, BT will acquire an undisclosed percentage of equity in Altitude Angel, and be given a seat on the startup’s board.
Read: Telecom firm BT leads project testing the UK’s first drone corridor
The incubation team of BT’s digital development unit, known as Etc., will be directly involved with Altitude Angel under the deal, which traces its roots to their work in 2021 developing UTM…