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Satellite operator OQ Tech secures €13m in Series A round to expand 5G IoT fleet

Luxembourg-based 5G IoT satellite operator OQ Technology has secured €13 million ($12.9 million) of new investment in a Series A funding round to develop its own tech solutions, acquire more spectrum, and expand its satellite constellation, the company has said. The funding round was...

‘Bringing both worlds together’: OQ aims for a hybrid LEO NB-IoT network

A start-up based in Luxembourg is exploring the use of low-earth-orbit satellites for narrowband IoT connectivity and in the process of launching nanosatellites that will support commercial service. Omar Qaise, founder and CEO of OQ Technology, explained that currently, once a device leaves NB-IoT cellular...