<ul><li>Barcelona-based satellite operator Sateliot has secured a €30M loan from the European Investment Bank (EIB) to support the deployment of its satellite network.</li><li>The project aims to provide Internet of Things (IoT) connectivity to regions lacking coverage using a constellation of over 100 Low Earth Orbit (LEO) satellites.</li><li>The EIB-funded project will also improve EU space connectivity and provide low-cost asset monitoring services for various sectors.</li><li>This investment by EIB supports the European “New Space” ecosystem and contributes to the EU’s strategic autonomy in the field of space and global connectivity.</li></ul>

Spain’s Sateliot bags €30M EIB loan to expand satellite network for IoT connectivity in remote areas

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