Omnispace boosts funding for 5G/IoT hybrid mobile network Omnispace has raised $60m in new funding for the development of a global 5G/IoT hybrid mobile network, combining satellite and terrestrial coverage. The funding round was led by new investor Fortress Investment Group, and includes further backing from the existing investors Columbia Capital, Greenspring Associates, TDF Ventures and Telcom Ventures. “Omnispace represents the next evolution of mobile telecommunications. The company recognizes that industries now require truly global mobile connectivity without compromise. Omnispace will be the first to power global 5G from space to universal devices on a single, seamless network leveraging their 2 GHz spectrum platform,” said Joshua Pack, Managing Partner, Fortress Investment Group.