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Spain's Sateliot signs EUR 1.4 mln capital hike

Thursday 26 March 2020 | 10:56 CET | News
Spanish 5G Internet of Things satellite specialist Sateliot has signed an agreement to increase its capital by EUR 1.4 million as part of its horizon 2022 financing plan. The capital hike was subscribed by venture capital fund Capitana Venture Partners, Business Angels and the company's executive managers. It will be used for the development and deployment of the first of up to 100 nanosatellites that Sateliot intends to launch to extend the IoT reach of existing 5G terrestrial networks.

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Categories: Broadcast & Satellite
Companies: Sateliot
Countries: Spain
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