MILAN — French startup Constellation Technologies & Operations has received 9.3 million euros ($10.2 million) in funding to design a satellite broadband network in very low Earth orbit using terrestrial 5G wireless spectrum licensed by telcos.
Constellation’s business resembles a direct-to-device play but instead of providing connectivity between satellites and smartphones, it would furnish participating telcos with connectivity for fixed and mobile communications with specialized antennas.
Funding sources include Expansion, created by Audacia and Rymdkapital, a fund . . .
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