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OneWeb plans low-earth-orbit satellite with Virgin, Qualcomm

2015-01-15 15:36:00| Telecompaper Headlines

(Telecompaper) WorldVu Satellites, operating as OneWeb, announced plans to build, launch and operate a low-earth-orbit satellite constellation to help bring high-speed internet and telephony to billions of people around the world. Qualcomm Incorporated and The Virgin Group have been announced as initial investors, with Qualcomm executive chairman Paul Jacobs and Virgin Group Founder Sir Richard Branson to join OneWeb founder Greg Wyler on the company's board of directors. Financial terms of the deal have not been disclosed. OneWeb plans to bring in additional investors to fund construction, launch and operation of its system.

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