- With this investment, innovative technologies will be developed that allow an efficient integration between satellite and terrestrial networks, maximizing the performance of IoT connectivity.
- This investment, within the Recovery, Transformation and Resilience Plan, strengthens the Spanish aerospace and technology industry, improving global connectivity and benefiting key sectors such as telecommunications.
Madrid, March 25, 2025.- The Council of Ministers has today authorized the Ministry for Digital Transformation and Public Service to participate, through the Spanish Society for Technological Transformation (SETT), in the Spanish telecommunications company Sateliot, with an investment of 13.85 million euros.
With this public investment, the Government is committed to global connectivity, even in the most remote and inaccessible areas. This initiative is a push towards the next evolutionary leap of IoT narrowband network technology in non-terrestrial networks with Sateliot Storage Send (S&F) support in a multi-satellite and multi-terrestrial station configuration.
Sateliot introduces a scalable business model based on CubeSats miniaturized satellites, allowing it to offer global connectivity at low prices, taking advantage of low-cost, high-scalability satellite infrastructure.
Sateliot, a company born in Catalonia in 2018, manages, together with local telecommunications operators, to solve the problem of Internet access of the sectors most linked to rural environments such as agriculture, livestock, renewable energies or logistics, since total coverage is obtained by combining terrestrial and satellite 5G networks.
Sateliot has also proven to have a very versatile technology that allows, for example, to detect natural disasters or fires in inaccessible places, improve safety in industries located in remote areas or even prevent poaching through the geolocation of specimens of species in danger of extinction.
Together with SETT, the company will expand its capital to 40 million, through a co-investment system that bets on a public-private partnership model in strategic sectors such as advanced technologies.
SETT’s investment is made through the Next Tech fund, whose objective is to encourage private investment and improve access to financing in the strategic Spanish sectors linked to the digital transition. The execution of the Next Tech fund, foreseen by the Recovery, Transformation and Resilience Plan, is among the functions of the SETT, which, in addition, manages two more financial instruments to enhance the technological business ecosystem: PERTE Chip, dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub, which promotes the digitalization of the audiovisual sector.