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Big-talking Sateliot raises €10m from flagship VC firm on way to €30m Series B round

Barcelona-based satellite IoT provider Sateliot has raised €10 million from venture capital group Global Portfolio Investments as part of a continuing €30 million Series-B funding round, as covered here, which has also seen interest from IT and defense firm Indra Sistemas, telecoms tower company...

Spain secures 10% stake in local carrier Telefonica

SEPI said it spent nearly $2.5 billlion to acquire more than 567 million shares in Telefonica The Spanish government said it has acquired a 10% stake in domestic telecom operator Telefonica through a state holding company. Spanish state-run company Sociedad Estatal de Participaciones Industriales (SEPI) had...

Spain already controls 6% of local carrier Telefonica

The Spanish government aims to acquire a stake of up to 10% in Telefonica The Spanish government said it had already acquired a 6% stake in domestic telecom operator Telefonica through a state holding company.  Spanish state-run company Sociedad Estatal de Participaciones Industriales (SEPI) noted that...