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
|
|
|
|
news links
|
|
Wednesday, January 28
Europe Needs Space Spending To Rise To 33% Of U.S. Levels: ESA Boss
Aviation Week — 5:18 am ET (1018 GMT) EU's answer to Starlink should start up in 2029, commissioner says
Reuters — 5:15 am ET (1015 GMT) Defence Commissioner calls for European Space Command
EurActiv — 5:10 am ET (1010 GMT) Actress-Turned-CEO Raises $100 Million for Space-Antenna Firm
Bloomberg News — 5:10 am ET (1010 GMT) Northwood Space’s $100 Million Funding Round Shows Interest in Space Tech Is Surging
Inc. — 5:09 am ET (1009 GMT) |
