Sateliot seeks €100M Series C for space-based 5G network
- Sateliot is seeking €100 million in Series C funding to support its space-based 5G push.
- The funding plan was reported by Light Reading in its EMEA regional roundup.
- The same roundup also noted developments involving TalkTalk, Ovo, Nokia, Poste Italiane, and TIM.
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.
Related Questions
- How much funding is Sateliot seeking for its space-based 5G plans?
- €100 million. Light Reading reported that Sateliot is seeking that amount in a Series C funding round for its space-based 5G push.
- What stage of funding is Sateliot raising?
- Series C. The report said Sateliot is pursuing a Series C round worth €100 million.
- Which other companies were mentioned alongside Sateliot in the report?
- TalkTalk, Ovo, Nokia, Poste Italiane, and TIM. Light Reading included those companies in the same EMEA regional roundup.
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