Sateliot seeks €100M Series C for space-based 5G network

Sateliot is seeking €100 million in Series C funding for its space-based 5G network push, according to a Light Reading report. The report identified Sateliot as part of an EMEA regional roundup covering telecom and technology developments.

Light Reading did not provide additional financing terms in the source excerpt beyond the €100 million target and the fact that the raise is a Series C round. The excerpt described the effort as funding for a space-based 5G push.

The same Light Reading roundup also said TalkTalk is being sued by Ovo over a deal that went sour, Nokia is preparing the ground for job cuts, and Poste Italiane's chief executive is defending a bid for TIM. Space-based 5G is part of the wider telecom industry effort to extend mobile connectivity beyond terrestrial networks, but the source excerpt did not provide technical details such as standards, spectrum, satellite count, or operator partners.