Satcom: Sateliot Raises EUR 70 Million; Starlink in Azerbaijan; MTN Lynk Satellite Voice Call; and More

Satcom: Sateliot Raises EUR 70 Million; Starlink in Azerbaijan; MTN Lynk Satellite Voice Call; and More
The satellite and telecommunications sector is advancing rapidly, with major investments, new service rollouts, and technology demonstrations. Sateliot secured EUR 70 million for its nanosatellite constellation, while Starlink expanded to Azerbaijan and United Airlines gained FAA approval for Starlink-equipped aircraft. Meanwhile, MTN and Lynk completed Africa’s first satellite voice call, Turkcell and Lynk tested direct-to-device connectivity in Turkiye, and Space42 partnered with Viasat on a 5G NTN network.

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Also Read: Orange and Telesat Sign Multi-Year LEO Satellite Connectivity Partnership

Check the developments in detail below:

1. Sateliot Closes EUR 70 Million Series B Round

Barcelona-based satellite operator Sateliot has closed its EUR 70 million Series B funding round. “The investment will fund the deployment of a constellation of over 100 satellites to deliver global connectivity, with a focus on remote areas and applications across defence, cybersecurity, telecommunications, logistics, mining, energy, environmental monitoring, agriculture, and critical infrastructure,” the company said in a statement on March 26, 2025.

Hyperion, Europe’s first defence and aerospace-focused fund, has invested EUR 10 million to advance the use of these capabilities for defence applications. This follows a EUR 13.8 million investment announcement from the Spanish Society for Technological Transformation (SETT) under Spain’s Ministry of Digital Transformation, in addition to the EUR 30 million debt injection from the European Investment Bank (EIB), marking the first loan granted to a Spanish space company.

“The latest investment comes from Hyperion, adding to previous contributions from SETT (a Spanish Government fund) and Global Portfolio Investments, as well as financial backing from the EIB and strategic shareholders, including Indra, Cellnex, and SEPIDES,” Sateliot added.

Sateliot said the closing of this funding round takes place amid the EU’s announcement of institutional funding and investment mechanisms of up to EUR 800 billion, while national governments have committed to increasing defence budgets to 2 percent of GDP.