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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Bharti Global exercised a call option to invest an additional $500,000,000 in OneWeb and is set to become the largest shareholder.
OneWeb seeks to partner with enterprises and governments to provide connectivity rather than delivering consumer services directly.
OneWeb secured $2,400,000,000 in funding needed to deploy a total of 648 satellites for its initial constellation.
Arianespace launched 36 satellites for OneWeb at 8:48 a.m. Eastern on 2021-07-01 in its eighth mission for the company.
BT entered a Memorandum of Understanding on 2021-06-27 to explore using OneWeb’s satellites to improve connectivity in hard-to-reach parts of the United Kingdom.
OneWeb’s 254 on-orbit satellites represent 40% of the company’s planned fleet of 648 LEO satellites.
Bharti Global’s additional funding for OneWeb was provided via a Call Option to investors.
Hughes Network Systems injected $50,000,000 into OneWeb.
The original OneWeb shareholders provided $3,400,000,000 of pre-Chapter 11 investment in OneWeb.
With the forthcoming launch, OneWeb will have completed 40% of its network.
Bharti’s investment means OneWeb has secured $2,400,000,000 needed to deploy 648 satellites by 2022 to provide connectivity to enterprise, government, maritime, and aviation customers.
Bharti Global invested an additional $500,000,000 (€420.5 million) into OneWeb.
The U.K. government, Eutelsat, and SoftBank are each set to own 19.3% of OneWeb if Eutelsat and Bharti’s latest investments receive regulatory clearances later 2021.
Eutelsat paid $550,000,000 for a stake that would have given it 24% of OneWeb.
OneWeb is fully funded at $2,400,000,000 following Bharti Global’s additional investment.
Bharti Global invested an additional $500,000,000 in OneWeb and will own the largest share of the company.
The 2021-07-01 launch will expand OneWeb’s network to 254 satellites in orbit and prepare the company to start partial services 2021.
SoftBank invested $350,000,000 in OneWeb in January.
Bharti and the U.K. government jointly bought OneWeb out of Chapter 11 bankruptcy for $1,000,000,000 in 2020.
Arianespace is scheduled to launch a batch of 36 OneWeb satellites on 2021-07-01 from Russia’s Vostochny Cosmodrome.