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.
All verified mentions of this organization in source documents.
OneWeb was formed in 2012 and has been developing satellite technology from facilities in the United Kingdom and the United States.
The acquisition of OneWeb by a consortium led by the UK Government and Bharti Global was completed on 2020-11-20.
The Federal Communications Commission approved the transfer of OneWeb’s satellite and ground station licenses to the company’s new owners on 2020-10-27.
A U.S. federal bankruptcy court approved the sale of OneWeb on 2020-10-02.
OneWeb planned to launch another 34 to 36 satellites in December 2020, bringing its on-orbit fleet to 110 satellites.
Bharti Global and the British government made a winning bid of $1,000,000,000 for OneWeb in July.
OneWeb's sale to an ownership group led by Bharti Global and the British government closed on 2020-11-20, allowing the company to exit Chapter 11 bankruptcy.
OneWeb anticipates completing its initial 650-satellite constellation in 2022 using 16 Soyuz launches it has under contract with Arianespace.
The planned deployment will provide OneWeb coverage over Arctic regions defined as north of 50 degrees latitude by the end of 2021.
The Federal Communications Commission approved the transfer of OneWeb’s satellite and ground station licenses to its new owners on 2020-10-27.
OneWeb filed for Chapter 11 bankruptcy in March because it could not raise the funding needed to complete its system.
A federal court approved on 2020-10-02 the sale of OneWeb to an ownership group led by Bharti Global and the British government.
OneWeb and Iridium signed a memorandum of understanding in September 2019 to jointly market complementary services.
Airbus included the impairment of a loan to OneWeb in its financial result, recognised in 2020-01-01.
OneWeb was founded in 2012 to offer global broadband coverage via a constellation of satellites in low Earth orbit.
The Federal Communications Commission approved the sale of OneWeb to the British government and Bharti Global on 2020-10-27.
OneWeb is deploying an initial constellation of 650 satellites to provide global broadband internet access.
Hughes Network Systems owned 2.6% of OneWeb prior to the Chapter 11 filing and will invest $50,000,000 into the reorganized company.
OneWeb expects to complete the sale to the British government and Bharti Global by the end of 2020.
SoftBank will hold a 12.3% stake in the reorganized OneWeb and owned 37.41% of OneWeb prior to the Chapter 11 filing.