The State is reinforced in Sateliot Through the Spanish Society for Technological Transformation (SETT)what is colloquially known as the ‘SEPI Digital’.
The Council of Ministers has authorized on Tuesday a investment of 13.8 million euroswhich gives the SETT 16.3% of the capital of the Catalan firm. The State was already part of Sateliot’s shareholders through the State Society for Industrial Promotion and Business Development (SEPIDES), which has a 2.4%participation.
In this way, it goes on to control almost 19% (18.7%). Other shareholders are Indra, Cellnex and Global Portfolio Investmentsamong others. For its part, the firm advances in its series B series, reaching about 60 million euros of the planned 70.
As reported by the company in a statement, the funds will go to the orbit of a dual technology constellation of more than 100 satellitesa key infrastructure to guarantee real -time connectivity in areas without coverage. The plans of the Catalan company are going to reach a turnover of 500 million euros in 2027 and reach 1,000 million euros in 2030.
“The confidence of the SETT and the rest of the institutional investors confirms that Sateliot is the European response to the need for safe, accessible and autonomous satellite connectivity, with critical applications both in the civil sphere and in security and defense,” he said Jaume SanperaCEO and co -founder of the company.
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