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Wire · technology

Nelco Invests USD 20 Million in Lunar Holdco for Satellite D2D Services

18 August 2026 · By · Wire by Fusion42

Published

18 August 2026

Topic

technology

◆ Sectors

Telecommunications Infrastructure

◆ Geography

South Asia

◆ Source

Read at sahi.com →

◆ Verified

Fusion42 · 18 August 2026 · Fusion42 review

Nelco has invested USD 20 million in Lunar Holdco (Elveo Mobile), gaining access to Elveo's S-band NGSO satellite constellation to provide satellite-to-cellular D2D and low-latency IoT services across South Asia by 2028, positioning Nelco as a first-mover in this regional satcom market.

This Wire brief sits within Fusion42's coverage of Telecommunications Infrastructure.

◆ ◆ The Wire takeaway

You face a chance to lead South Asia's direct-to-device satellite market by backing satellite tech beyond leasing. This partnership shifts your role from service reseller to hardware network participant with high-margin enterprise targets opening.

◆ Coverage

1 source · 18 Aug 2026

◆ Related on Wire

◆ Topics

Telecommunications Infrastructuresatellite-d2dsouth-asiatelecom-infrainvestmentngso-constellation