The Economic Times

Tata Group's satcom arm invests $20 million in US-based Elveo to expand connectivity

Nelco, a Tata Group company, is investing twenty million dollars in Elveo Mobile. This partnership aims to introduce advanced satellite connectivity solutions to India. The collaboration will bring Direct-to-Device and IoT services to the region. These services will cover sectors like automotive, maritime, and energy. Elveo Mobile is a new entity formed from a merger of two satellite firms.