| Project Detail |
The project relates to the final phases of development of a low earth orbit (LEO) nanosatellite constellation to provide 5G IoT services for low bandwidth non-time-sensitive applications globally, notably in areas where terrestrial networks do not have coverage. The project will also include investments in a 4-satellite pilot constellation to test the systems full functionality end-to-end, and 40 additional satellites to validate the market-entry constellation launch and its operation at scale.
Objectives
The main objectives are the deployment of satellite communication infrastructures targeting uncovered areas worldwide and European innovation. The project will also contribute to highly skilled job creation in Spain. It supports an emerging European leader in satellite communications, bringing narrowband internet-of-things services directly to terrestrial 5G IoT devices from space. The financing thereby develops the strategic EU "New Space" industry, in line with EU space policy and strategic autonomy goals. The companys network will serve a variety of industries globally, allowing to potentially connect to millions of currently unserved IoT devices in areas unreachable by terrestrial IoT networks. This will help businesses monitor their assets, in industries such as agriculture, fishing, maritime, oil and gas, wildlife, utilities, environmental, livestock, etc. Generally, for outdoor, non-time-sensitive, rural, or oceanic IoT applications. The project can also have a positive impact on the climate transition by allowing some industries to optimise consumption of fuel and natural resources.
Sector(s)
Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
EUR 62 million |
