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# Spanish satellite startup Sateliot wants €150 million to beam 5G directly to smartphones from orbit

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments

## Summary

Barcelona-based satellite startup Sateliot is raising up to €150 million to expand its low-Earth orbit satellite network, with plans to deploy 16 satellites next year and launch direct-to-smartphone 5G service by early 2028. The company, which originally focused on IoT connectivity, is partnering with Telefonica on direct-to-device technology. The fundraise is happening amid broader European efforts to reduce dependence on Starlink, with the EU proposing to reserve spectrum for domestic satellite players and the European Space Agency committing €22 billion over three years. Sateliot is targeting a gap left by IRIS², the European constellation focused on broadband rather than direct-to-device connectivity.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/sateliot-150-million-satellite-5g-smartphones-europe>

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