Spanish satellite startup Sateliot is in talks with several European defence ministries to offer 5G connection for their militaries, its co-founders said on Wednesday. The company, which recently raised 70 million euros ($79 million) in debt and equity, expects to offer narrow 5G band connection to small devices in areas without mobile phone coverage through satellites. Co-founder and CEO Jaume Sanpera said the European company was attracting interest from countries in the region that want to reduce their reliance on non-European companies such as Elon Musk's Starlink.
Michael Kors Owner Capri Posts Wider-Than-Estimated Q4 Loss, Lowers Outlook
Shares in Capri Holdings, which last month struck a deal to sell its Versace luxury brand, are dropping in premarket trading Wednesday after the fashion conglomerate posted a larger-than-expected quarterly loss amid the trade war and lowered its full-year outlook.
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Capri Holdings (CPRI) Q4 earnings: Michael Kors margins expand on tariff benefits, while Jimmy Choo targets a FY27 recovery.
CACI serves the U.S. defense and intelligence agencies and meets rigorous criteria set by Mike Khouw.
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