What OQ TECHNOLOGY does

OQ Technology is a privately held satellite telecom operator headquartered in Leudelange, Luxembourg, founded in 2016. The company operates a Low Earth Orbit (LEO) nanosatellite constellation delivering 5G Non-Terrestrial Network (NTN) connectivity compliant with 3GPP Release 17 standards, targeting global coverage for IoT devices and direct-to-device (D2D) smartphone communications in regions where terrestrial networks are limited or unavailable. As of early 2026, 12 satellites are deployed with a publicly stated goal of reaching a 100-satellite constellation; the company plans to add at least 20 more within two years under EIB financing terms. OQ Technology serves enterprise clients across energy and utilities, maritime, mining, logistics, agriculture, security, and government and defense sectors, with Aramco disclosed as a named strategic enterprise customer and investor via Wa'ed Ventures.

The company's core technology platform is a proprietary 3GPP-compliant NTN NB-IoT radio access network stack with an integrated 5G core network, enabling low-power, mass-market cellular IoT connectivity to unmodified commercial devices. Supporting technical assets include multi-band D2D payload technology spanning MSS S-band, C-band, and IMT bands, and the BEAMSAT-5G project—an ESA ARTES programme contract under which OQ Technology serves as prime contractor to advance 5G beamforming for next-generation D2D satellites. The product portfolio comprises the core 5G NTN Satellite Technology, the Direct-to-Smart Phone (D2D) service, the Bring Your Own Product 3GPP-compatible device integration program, and certified compatibility with Nordic Semiconductor's nRF9151 cellular IoT module.

OQ Technology's business model is B2B enterprise sales combined with wholesale distribution through mobile network operator and IoT platform partnerships. Revenue streams are subscription-recurring for satellite connectivity services, usage-based for IoT data transmission, and partnership-based revenue through telecom operators including Deutsche Telekom (multi-orbit IoT roaming), Telefónica Germany (D2D spectrum trials), KPN, and Monogoto. Pricing is quote-based rather than publicly disclosed. The company maintains wholly owned subsidiaries in Greece and Saudi Arabia, the latter hosting a 5G satellite data center, with operational offices in Rwanda, the UAE, and Australia supporting market entry across Africa, the Middle East, and Asia-Pacific. Cumulative funding totals approximately €68 million across a 2022 Series A (€13M), a 2024 Series B (€30M), a 2025 EIC Accelerator grant, and a 2026 EIB venture debt facility (€25M), with the Luxembourg government and European institutional capital representing key backers.

Name

OQ TECHNOLOGY

Legal name

OQ TECHNOLOGY

Website

https://oqtec.space

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

OQ Technology is a Luxembourg-based satellite telecom operator that provides global 5G Non-Terrestrial Network connectivity via a LEO satellite constellation, serving enterprise clients across energy, maritime, mining, logistics, agriculture, security, and government/defense sectors with IoT and direct-to-device smartphone services.

Ownership category

akta.pro rank

Product category

Satellite IoT Connectivity

NAICS

Satellite Telecommunications (5174), Satellite Telecommunications (51741), Satellite Telecommunications (517410)

SIC

Communications Services, Nec (4899), Communications Equipment, Nec (3669), Computer Communications Equipment (3576)

akta.pro primary industry

Direct-to-Device (D2D) / NTN Cellular (Satellite-to-Handset, NB-IoT NTN) (HDAIAJAE)

akta.pro secondary industries

Satellite IoT & Machine-to-Machine (M2M) Connectivity (LPWAN over Satellite) (HDAIAJAF), Non-Terrestrial Mobile Network Operators (Satellite-Integrated NTN Mobile) (HDAIAAAJ), Satellite Mobility Connectivity (Maritime, Aviation, Rail, Land Mobile) (HDAIAJAD), NTN-Enabled Emergency, Government & Defense Communications (Public Safety, Tactical, Resilience) (HDAIAJAJ), Industrial/OT Private Connectivity (Factory, Mining, Ports) (HDAIAGAD), Satellite Broadband Terminals & Gateways (VSAT/LEO CPE) (HDAFAIAM)

Keywords

• Satellite IoT connectivity
• 5G NTN services
• Direct-to-device satellite
• LEO satellite constellation
• Non-terrestrial network

Headquarters

HQ city

Wasserbillig

HQ country

Luxembourg

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Satellite Connectivity Services: Revenue generated from providing satellite-based 5G NTN connectivity services to enterprise clients and telecom operators. Services include IoT connectivity, direct-to-device messaging and voice, and multi-orbit roaming integration.
2. IoT Data Transmission Services: Revenue from providing IoT data transmission across satellite and terrestrial combined networks, enabling real-time monitoring and asset tracking for enterprise clients in remote areas
3. Partnership/Integration Services: Revenue generated through partnerships with telecom operators (Telefónica Germany, Deutsche Telekom, KPN, Monogoto) for D2D text applications and multi-orbit connectivity services

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

OQ Technology operates a proprietary Low Earth Orbit (LEO) nanosatellite constellation delivering 5G Non-Terrestrial Network (NTN) connectivity for global IoT and direct-to-device applications. Its core service provides seamless 5G coverage across land, sea, and remote areas via a 3GPP Release 17-compliant NB-IoT radio access network stack, enabling standard devices to connect over satellite without hardware modification. Supporting offerings include Direct-to-Smartphone messaging/voice over terrestrial mobile spectrum and the BEAMSAT-5G 5G beamforming R&D initiative.

Product overview

OQ Technology operates as a satellite telecom operator providing global IoT and direct-to-device connectivity via a constellation of Low Earth Orbit (LEO) nanosatellites built on 5G Non-Terrestrial Network (NTN) technology. The core platform is the 5G NTN Satellite Technology, which delivers seamless global 5G coverage and forms the infrastructure for all downstream offerings. Supporting products and services include: the Direct-to-Smart Phone (D2D) service enabling unmodified smartphones to connect via satellite using terrestrial spectrum; the 'Bring Your Own Product' program allowing 3GPP Release 17-compatible devices to connect without hardware investment; and the BEAMSAT-5G R&D project advancing 5G beamforming for next-generation D2D satellites. The company also offers constellation-as-a-service capabilities through partnerships (Eseye AnyNet Connectivity Hub, Monogoto IoT platform) that integrate OQ's LEO satellites into broader connectivity management ecosystems.

Differentiator

Problem solved

Functional benefit

Products and services

• 5G NTN Satellite Connectivity Service A satellite-based 5G Non-Terrestrial Network (NTN) connectivity service providing seamless global coverage across land, sea, and remote rural areas where terrestrial networks are limited or unavailable. It is delivered via OQ Technology's LEO nanosatellite constellation using a proprietary 3GPP Release 17-compliant NB-IoT radio access network stack with integrated 5G core, enabling standard devices to connect without hardware modifications. The service targets enterprise clients in energy, maritime, mining, logistics, agriculture, security, and government/defense verticals.
• Direct-to-Smartphone (D2D) Satellite Service A direct-to-device satellite connectivity service enabling two-way messaging and voice capabilities between standard, unmodified smartphones (iPhone, Samsung, Google) and OQ Technology's LEO satellites using terrestrial mobile spectrum (2.6 GHz cellular spectrum). It targets coverage dead zones and underserved regions through a hybrid terrestrial-satellite architecture, with a field trial underway with Telefónica Germany in 2026-2027.
• Multi-Orbit IoT Roaming Service A managed multi-orbit IoT connectivity service that combines terrestrial NB-IoT/LTE-M networks with LEO and GEO satellite services, enabling IoT devices to roam seamlessly across networks. Delivered through telecom operator partnerships (notably Deutsche Telekom) for European customers with outdoor IoT devices in coverage gaps.

Quantifiable outcome

• 130% year-over-year revenue growth achieved
• +2 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• Telefónica GermanyflagshipStrategic or Co-development Partner · 8 June 2026Partnership for live demonstration of two-way satellite communications directly to standard, unmodified smartphones in Mecklenburg-Western Pomerania, Germany. The trial uses Telefónica's licensed 2.6 GHz cellular spectrum and OQ's LEO satellite network, planned for first half of 2027. Positions OQ as first European company preparing missions across all three D2D spectrum bands.
• European Space Agency (ESA)coreStrategic or Co-development Partner · 16 April 2026Awarded €1 million contract under ESA ARTES programme for BEAMSAT-5G project, advancing 5G beamforming technologies for satellite communications. OQ Technology serves as prime contractor for the project beginning February 3, 2026, supporting Direct-to-Smart Phone service and next-generation D2D satellite development.
• GSMA FoundrycoreStrategic or Co-development Partner · 2 March 2026Partnership in €100 million initiative with ESA to accelerate convergence between space and mobile industries, targeting AI for NTN, Direct-to-Device connectivity, 5G/6G Hubs, and 6G Innovation. OQ Technology was recognized with an award for breakthrough contributions at MWC26 Barcelona.
• Deutsche TelekomflagshipTechnology or Integration · 13 February 2026Deutsche Telekom became the world's first mobile network operator to offer multi-orbit IoT roaming, integrating OQ Technology's LEO satellite constellation alongside Skylo, Sateliot, and Iridium. The service combines terrestrial NB-IoT/LTE-M networks with satellite services for European customers with outdoor IoT devices.
• EseyecoreTechnology or Integration · 20 January 2026Strategic partnership to deliver seamless worldwide 5G IoT connectivity, combining OQ Technology's LEO satellite constellation with Eseye's AnyNet Connectivity Hub built on 3GPP Release 17 standard. Enables IoT devices to automatically switch between cellular and satellite coverage for uninterrupted global service.
• MonogotocoreTechnology or Integration · 8 January 2026Partnership integrating OQ Technology's LEO satellite constellation into Monogoto's IoT connectivity management ecosystem. Creates comprehensive multi-layer connectivity offering enabling access to public/private cellular networks, Wi-Fi, GEO satellites, and LEO satellites through a single SIM and unified APIs.
• Nordic SemiconductorcoreTechnology or Integration · 31 December 2025Successful demonstration of end-to-end NB-IoT connectivity from Nordic's nRF9151 cellular IoT module directly to OQ Technology's LEO satellite constellation. The nRF9151 module was certified for use on OQ's satellite connectivity network, proving mass-market devices can connect directly to NTN LEO satellites without hardware redesign.
• TelefónicaflagshipStrategic or Co-development Partner · 21 October 2024OQ Technology secured a convertible loan investment as part of its Series-B funding round from Telefónica. Partnership aims to expand global operations, spectrum access, and satellite constellation for NTN services expansion.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AST SpaceMobile: US-listed company building a LEO constellation for direct-to-smartphone broadband; competes head-on with OQ in the D2D market and serves similar MNOs (Vodafone, AT&T, Rakuten).
• Sateliot: Barcelona-based LEO NTN operator providing 5G IoT and D2D connectivity via 3GPP Release 17; directly competes with OQ on NB-IoT over satellite for unmodified cellular devices.
• Skylo Technologies: NTN service provider offering satellite IoT connectivity over partner satellites using 3GPP standards; bundled alongside OQ in Deutsche Telekom's multi-orbit offering.

Broad incumbents

• Iridium Communications: Established LEO satellite operator providing global IoT (Iridium Certus/Edge), maritime, aviation and D2D services via an operational 66-satellite constellation.
• Thales Alenia Space: Major European satellite manufacturer and operator building NTN infrastructure including D2D projects; competitor in the European sovereign space ecosystem.
• Swarm Technologies (SpaceX): SpaceX-owned ultra-low-cost satellite IoT network now integrated with Starlink; competes in low-data satellite IoT for remote asset tracking.

Emerging players

• Myriota: Australian satellite IoT operator providing LPWAN connectivity for agriculture, mining, logistics and utilities — same verticals and geography as OQ.
• Astrocast: Swiss LEO nanosatellite IoT operator serving maritime, logistics, agriculture and asset tracking; small-scale European peer with comparable vertical focus.
• Kepler Communications: Toronto-based operator building a LEO constellation for IoT and data connectivity; overlaps with OQ in serving enterprise IoT across remote and mobile environments.

Others

• Telefónica (via Telefónica Tech / Satellite Connect Europe): Spanish MNO that is both an OQ partner (Series B, D2D trials) and is partnering with AST SpaceMobile via Satellite Connect Europe; represents both customer and channel partner dynamic.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/oqtec
• LinkedInlinkedin.com/company/oqtec

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds8 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OQ TECHNOLOGY