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    OneWeb receives major investment from Eutelsat - Forum

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    Forum moderator: arya, dethalternate  
    Forum » Main » Science, Astronomy, Nature » OneWeb receives major investment from Eutelsat
    OneWeb receives major investment from Eutelsat
    ManuDate: Wednesday, 28-April-2021, 5:30 AM | Message # 1
    --dragon lord--
    Group: undead
    Messages: 12553
    Status: Offline
    Jonathan Amos
    Science correspondent
    @BBCAmoson Twitter

    London-based OneWeb, which is building a satellite constellation to deliver internet connections, has received a major investment from Eutelsat.

    The Paris-based company is putting $550m (£400m) into OneWeb, for a 24% equity stake.

    This will be seen as a big vote of confidence in the OneWeb project.

    Eutelsat is one of the top three satellite-telecommunications operators for "fixed services", such as direct-to-home TV, phone and data connections.

    OneWeb was bought out of bankruptcy last year by the British government and Indian conglomerate Bharti Global, with which Eutelsat will now share similar governance rights.

    The investment also closes the gap in funding necessary for OneWeb to complete its mega-constellation in the sky.

    On Sunday, it put up another 36 spacecraft, taking its total in-orbit network to 182.

    But to provide internet connections around the globe, it will require, initially, 648.

    untotenawake
    Read more/full article/source - https://www.bbc.com/news/science-environment-56906121
     
    Forum » Main » Science, Astronomy, Nature » OneWeb receives major investment from Eutelsat
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