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.
Hughes Network Systems believes it has a chance at winning some of the $20,400,000,000 in RDOF subsidies because of its investment in OneWeb.
OneWeb’s new backers have pledged $1,000,000,000 to revive the company in addition to Hughes’ $50,000,000 stake.
Hughes Network Systems invested $50,000,000 in OneWeb.
Project Kuiper joins SpaceX, Telesat, OneWeb, and potentially Viasat in competing to provide high-speed broadband from low Earth orbit using large numbers of satellites.
Hughes Network Systems had $5,400,000 in unsecured claims at the time of OneWeb’s bankruptcy filing.
Hughes Network Systems has won more than $300,000,000 in OneWeb business for gateway antennas and other ground infrastructure that remains unfinished.
OneWeb raised $3,400,000,000 and launched 74 out of a planned 648 small broadband satellites before filing for chapter 11 bankruptcy protection in March.
Hughes Network Systems invested $50,000,000 in OneWeb in 2015 alongside Airbus Group, Bharti Enterprises, Coca-Cola, Intelsat, Qualcomm, Totalplay, and the Virgin Group as part of OneWeb’s $500,000,000 Series A round.
The British government and Bharti placed the winning bid to acquire OneWeb in July and each agreed to invest $500,000,000 to revive the megaconstellation startup.
Hughes Network Systems will invest $50,000,000 in the consortium purchasing OneWeb out of bankruptcy protection as of 2020-07-27.
Hughes Network Systems will offer OneWeb connectivity to customers with networks for government and business sites, cellular backhaul needs, and community Wi-Fi hotspots.
The U.K. parliamentary committee that oversees the Department for Business, Energy and Industrial Strategy expressed concern about clarity on whether, when, and how much of OneWeb’s constellation would be produced in the U.K.
Before filing for bankruptcy, OneWeb had launched 74 of a planned 648 satellites.
Samantha Beckett was the acting permanent secretary at the Department for Business, Energy and Industrial Strategy when she wrote on 2020-07-08 that she had insufficient time to make a full assessment of the proposed OneWeb investment.
OneWeb builds its satellites at a purpose-built $85,000,000 factory in Florida through the joint venture OneWeb Satellites with Airbus.
OneWeb’s bankruptcy court approved the acquisition of OneWeb by the U.K. government and Bharti Global on 2020-07-10.
Bharti Global is investing $500,000,000 into OneWeb.
The Department for Business, Energy and Industrial Strategy and Bharti Global announced on 2020-07-03 that they were acquiring OneWeb.
The U.K. government invested $500,000,000 in OneWeb.
OneWeb had raised $3,400,000,000 before filing for Chapter 11 bankruptcy protection in March.