{"id":102530,"date":"2026-02-25T20:16:18","date_gmt":"2026-02-25T23:16:18","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/895583222"},"modified":"2026-02-25T20:16:18","modified_gmt":"2026-02-25T23:16:18","slug":"oq-technology-receives-29m-financing-from-european-investment-bank-for-d2d-constellation","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/25\/oq-technology-receives-29m-financing-from-european-investment-bank-for-d2d-constellation\/","title":{"rendered":"OQ Technology Receives $29M Financing from European Investment Bank for D2D Constellation"},"content":{"rendered":"
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OQ Technology receives financing from the European Investment Bank. Photo: OQ Technology<\/p>\n<\/div>\n

Luxembourg-based connectivity provider OQ Technology <\/strong>is receiving 25 million euro ($29.5 million) of debt financing from the European Investment Bank <\/strong>to accelerate development and rollout of its satellite connectivity network.<\/p>\n

OQ aims to provide a sovereign European Low-Earth Orbit (LEO) constellation for 5G coverage and direct-to-device (D2D) connectivity to smartphones and Internet of Things (IoT) devices. The funding will support the development and launch of over 20 software-defined, multi-band satellites.<\/p>\n

\u201cThis funding enables us to scale our research and development efforts, complete our initial constellation, and deliver affordable, secure, and standards-based connectivity to governments, industries and communities in remote and underserved regions worldwide, while reinforcing Europe\u2019s leadership in non-terrestrial networks and the New Space sector,\u201d OQ Technology CEO and Founder Omar Qaise commented.<\/p>\n

The financing announced Wednesday is provided through the European Commission\u2019s InvestEU initiative, which invests public and private funds to invest in line with European policy priorities.<\/p>\n

\u201cThe rise of OQ Technology is a tell-tale sign of the start-up and scale-up climate that has been created in Luxembourg, one of the most innovative in Europe.\u201d EIB Vice President Robert de Groot said. \u201cEspecially when it comes to developing an autonomous European space technology, it is very important that companies like these can get the financing they need to scale-up, to make sure that their critical technology can remain and grow in the EU.\u201d<\/p>\n

OQ\u2019s LEO constellation is designed to provide 5G coverage through standardized 3GPP narrowband IoT and 5G new radio (NR) technology. The company plans to serve remote areas outside terrestrial networks and add a layer of redundant connectivity to European infrastructure.<\/p>\n

In 2025, OQ was the first European satellite operator to broadcast<\/a> an emergency alert directly to unmodified cell phones via satellite. Last month, it announced a partnership with British IoT company Eseye to create an ecosystem bridging terrestrial and orbital connectivity networks.<\/p>\n

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<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… Investment Bank. Photo: OQ Technology<\/span> Luxembourg-based connectivity provider OQ … New Space sector,\u00e2\u0080\u009d OQ Technology<\/span> CEO and Founder Omar … an autonomous European space technology<\/span>, it is very important … sure that their critical technology<\/span> can remain and grow …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-102530","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=102530"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102530\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=102530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=102530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=102530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}