Eutelsat OneWeb (formerly OneWeb) is a satellite communications company aiming to bridge the digital divide by providing high-speed, low-latency broadband internet services globally via a low Earth orbit (LEO) satellite constellation. As a subsidiary of Eutelsat Group, it focuses on delivering connectivity solutions to governments, enterprises, and communities in underserved areas, as well as to the maritime and aviation sectors. Key partners include distribution partners, Airbus (through OneWeb Satellites, a joint venture for satellite manufacturing), and technology providers like Microsoft Azure and AWS for network peering.
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The Connectivity market segments targeted by Eutelsat and OneWeb are forecast to grow by three times for B2B and five times for B2C over the next decade to reach a combined value of circa $16,000,000,000 by 2030.
OneWeb will continue to operate the LEO business under the OneWeb name with headquarters remaining in the United Kingdom.
Existing OneWeb shareholders would receive 230 million newly issued Eutelsat shares representing 50% of Eutelsat’s enlarged share capital.
Eutelsat will combine its 36-satellite geostationary (GEO) fleet with OneWeb’s 648-satellite low Earth orbit (LEO) constellation.
Eutelsat acquired an equity stake in OneWeb in April 2021.
Eutelsat and OneWeb signed an exclusive commercial partnership addressing mainly the European and global cruise markets on 2022-07-26.
OneWeb will continue to operate the LEO business under the OneWeb name with headquarters remaining in the UK.
OneWeb shareholders would receive 230 million newly issued Eutelsat shares representing 50% of the enlarged Eutelsat share capital.
French geostationary operator Eutelsat plans to merge with U.K.-based LEO broadband operator OneWeb through a proposed all-share transaction.
Eutelsat acquired an equity stake in OneWeb in April 2021.
Eutelsat acquired an equity stake in OneWeb in April 2021 and entered a global distribution agreement with OneWeb in March 2022.
Eutelsat will combine its 36-strong fleet of geostationary (GEO) satellites with OneWeb’s constellation of 648 low Earth orbit (LEO) satellites.
OneWeb shareholders would receive 230 million newly issued Eutelsat shares representing 50% of Eutelsat’s enlarged share capital on the basis of Eutelsat share capital as of this writing.
Eutelsat will combine its 36 GEO satellites with OneWeb’s planned constellation of 648 LEO satellites, of which 428 are currently on-orbit.
Intelsat attempted to merge with OneWeb but scrapped the deal in 2017 after failing to win support from debt holders.
OneWeb expects to have deployed its remaining satellites by the end of 2023 to provide global connectivity services.
Eutelsat and OneWeb expect to complete the merger by the end of the first half of 2023.
Eutelsat and OneWeb agreed on 2022-07-26 to merge their businesses to create a global multi-orbit satellite broadband operator.
OneWeb currently has 428 satellites in low Earth orbit, about 66% of its planned fleet.
Hanwha Systems invested $300,000,000 in OneWeb in August of last year.