StartupsTechnologyTelecom

European Startup Secures Seed Funding for Multi-Orbit 5G Satellite Modem Development

Nxgsat, a Belgian startup founded by satellite industry veterans, has secured €1.2 million in seed funding to develop a virtual 5G modem for satellite communications. The technology aims to break down proprietary barriers in satellite networks, enabling multi-orbit compatibility. Commercial availability is reportedly planned for the second quarter of 2026.

Funding Breakthrough for Satellite Connectivity Innovation

A Belgian startup founded by satellite networking veterans has reportedly secured 1.2 million euros ($1.4 million) in seed funding to develop what sources describe as a groundbreaking virtual 5G modem for satellite communications. According to reports, Nxgsat’s technology is designed for multi-orbit compatibility across traditionally closed communications infrastructure, potentially revolutionizing how satellite networks operate.

BusinessTelecom

Digital Infrastructure Giant Exa Secures Major €1.3 Billion Refinancing Package

Fiber network provider Exa Infrastructure has reportedly completed a major refinancing deal exceeding €1.3 billion. Sources indicate the seven-year financing facility will support the company’s ambitious expansion plans connecting Europe and North America through its extensive digital infrastructure network.

Major Financing Milestone for Transatlantic Connectivity

Digital infrastructure firm Exa Infrastructure has reportedly secured a significant financial package exceeding €1.3 billion through a comprehensive refinancing of its existing facilities, according to recent company announcements. The substantial financing arrangement, structured over seven years, is expected to support what analysts suggest are aggressive growth ambitions and network expansion initiatives for the transatlantic connectivity provider.