OneWeb raises $500 million to fully fund constellation
Posted: Wed, Jun 30, 2021, 6:45 PM ET (2245 GMT)
OneWeb has secured the funding it needs to complete its initial constellation after Bharti Global invested an additional $500 million. The new investment, a call option it exercised Tuesday, gives the Indian telecom company 38.6% of OneWeb, while the U.K. government, Eutelsat and Softbank will each own 19.3%. Bharti's investment means OneWeb has secured the $2.4 billion it needs for deploying 648 satellites by 2022, providing connectivity to enterprise, government, maritime and aviation customers. Arianespace is due to launch another batch of 36 satellites for OneWeb Thursday morning.
OneWeb has secured the funding it needs to complete its initial constellation after Bharti Global invested an additional $500 million. The new investment, a call option it exercised Tuesday, gives the Indian telecom company 38.6% of OneWeb, while the U.K. government, Eutelsat and Softbank will each own 19.3%. Bharti's investment means OneWeb has secured the $2.4 billion it needs for deploying 648 satellites by 2022, providing connectivity to enterprise, government, maritime and aviation customers. Arianespace is due to launch another batch of 36 satellites for OneWeb Thursday morning.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT) |
|
news links
|
|
Wednesday, July 2
Mass Burn: SpaceX Deorbits Nearly 500 Starlink Satellites in 6 Months
PC Magazine — 6:05 am ET (1005 GMT) Starlink’s Wi-Fi Is Faster in the Air Than on the Ground
CNET News.com — 6:04 am ET (1004 GMT) Elon Musk’s Starlink now in Sri Lanka
Daily Mirror (Sri Lanka) — 6:03 am ET (1003 GMT) Elon Musk Launches Starlink in Sri Lanka, Bringing Satellite Internet Nationwide
Daily News (Sri Lanka) — 6:03 am ET (1003 GMT) Former OneWeb CTO Massimiliano Ladovaz to Lead SpinLaunch
ViaSatellite — 6:02 am ET (1002 GMT) |
