{"id":1029391,"date":"2026-08-18T07:17:18","date_gmt":"2026-08-18T01:47:18","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1029391"},"modified":"2026-08-18T07:18:53","modified_gmt":"2026-08-18T01:48:53","slug":"tata-groups-satcom-arm-invests-20-million-in-us-based-elveo-to-expand-connectivity","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/18\/tata-groups-satcom-arm-invests-20-million-in-us-based-elveo-to-expand-connectivity\/","title":{"rendered":"Tata Group&#8217;s satcom arm invests $20 million in US-based Elveo to expand connectivity"},"content":{"rendered":"<p>New Delhi: Nelco, a Tata Group satellite communication service provider, on Monday announced a partnership and an investment of USD 20 million (approximately Rs 191.2 crore) in US-based Lunar Holdco, Inc., which operates as Elveo Mobile. <\/p>\n<p>The investment is aimed at bringing next-generation Direct-to-Device (D2D) and Internet of Things (IoT) satellite connectivity to India and South Asian markets, the company said in a regulatory filing. <\/p>\n<p>Under the agreement, Nelco will subscribe to Compulsorily Convertible Debentures (CCDs) of the Delaware-headquartered Lunar Holdco. The CCDs carry a 7 per cent annual compounded return, convertible into equity shares of the US firm based on specified conversion events.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Nelco, a Tata Group satellite communication service provider, on Monday announced a partnership and an investment of USD 20 million (approximately Rs 191.2 crore) in US-based Lunar Holdco, Inc., which operates as Elveo Mobile. The investment is aimed at bringing next-generation Direct-to-Device (D2D) and Internet of Things (IoT) satellite connectivity to India and South Asian markets, the company said in a regulatory filing. Under the agreement, Nelco will subscribe to Compulsorily Convertible Debentures (CCDs) of the Delaware-headquartered Lunar Holdco. The CCDs carry a 7 per cent annual compounded return, convertible into equity shares of the US firm based [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,60,10],"tags":[],"class_list":["post-1029391","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-telecom-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1029391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1029391"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1029391\/revisions"}],"predecessor-version":[{"id":1029409,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1029391\/revisions\/1029409"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1029391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1029391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1029391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}