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OneWeb signed a non-binding letter of intent on 2021-10-11 with NewSpace India Limited to launch OneWeb satellites on India’s PSLV and GSLV 2021-03-03 rockets as soon as 2022.
OneWeb is deploying its initial satellite constellation using Soyuz rockets under a contract with Arianespace.
OneWeb plans to offer high-speed, low-latency connectivity services in India and globally by late 2022.
The OneWeb constellation will enable user terminals capable of offering 0.003 kg, LTE, 0.005 kg, and Wi‑Fi coverage.
OneWeb’s satellite constellation is designed to deliver high-speed, low-latency connectivity services to aviation, maritime, backhaul services, governments, and emergency response services.
OneWeb plans to start services 2021 to the Arctic region, including Alaska, Canada, and the U.K.
The 36 OneWeb satellites deployed on ST36 will raise themselves to their operational orbit after separation.
OneWeb has a non-binding Letter of Intent with NewSpace India Limited to use India’s PSLV and GSLV-MkIII as potential launch platforms for OneWeb satellites from 2022.
The founding members of the Indian Space Association include Bharti Airtel, Larsen & Toubro, Mapmyindia, Nelco (part of Tata Group), OneWeb, Walchandnagar Industries, and Ananth Technology Limited.
Eutelsat is exercising an option in the latest OneWeb funding round and is investing an additional $165,000,000 on 2021-10-06.
South Korea’s Hanwha provided a $300,000,000 capital injection into OneWeb.
OneWeb launched 34 satellites on 2021-09-14, enlarging its low Earth orbit broadband constellation to 332 satellites of a planned 648-satellite constellation.
Bharti Global exercised a call option in June to double its OneWeb investment to $1 billion, a move expected to give Bharti a 38.6% share and reduce Eutelsat’s share to 19.3%.
Eutelsat’s transaction on the latest OneWeb funding round was undertaken on identical financial terms to its initial $550,000,000 investment announced in April and completed on 2021-09-08.
Eutelsat exercised a call option on a portion of the latest funding round subscribed by Bharti to increase its OneWeb stake from 17.6% to 22.9%.
Eutelsat will own nearly 23% of OneWeb once the transaction closes, giving the Paris-based satellite operator the second-largest stake behind Bharti Global’s 30% share.
Eutelsat’s exercise of the call option increased its OneWeb shareholding from 17.6% to 22.9%.
Bharti committed an additional $500,000,000 to OneWeb, completing the funding of OneWeb’s first-generation constellation.
OneWeb’s next 36 satellites are slated to launch 2021-10-14 aboard a Soyuz rocket lifting off from Russia’s Vostochny Cosmodrome.
Hanwha paid $300,000,000 in August for an 8.8% stake in OneWeb, reducing Bharti’s and Eutelsat’s stakes.