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Tag: oneweb
Eutelsat adds $165m to OneWeb investment
2021-10-07 02:00:00| Total Telecom industry news
Back in April, Eutelsat announced that it would be investing $550 million in UK-based satellite operator OneWeb, who had just launched their latest batch of low Earth orbit (LEO) satellites. At the time, this investment gave Eutelsat a 24% stake in the company, but this percentage has diminished to 17.6% recently as a result of additional investments from other organisations including SoftBank and Hanwha…read more on TotalTele.com »
Tags: investment
adds
eutelsat
165m
AT&T partners OneWeb to help reach remote customers
2021-09-09 02:00:00| Total Telecom industry news
Yesterday, AT&T announced they had struck a new partnership with LEO satellite operator OneWeb, seeking to use the growing constellation to serve their hard-to-reach business customers. Currently, AT&T claims that over 9 million of its business customers are within 1,000 feet of its fibre network, but this nonetheless leaves many remote customers unable to access high-quality connectivity, be that via fibre or mobile. In fact, for some of these areas, their access to gigabit-capable fibre or a 5G mobile connection is unlikely to improve any time soon &ndash…read more on TotalTele.com »
Tags: partners
customers
reach
remote
South Korean conglomerate Hanwha buys 8.8% stake in OneWeb for USD 300 mln
2021-08-12 09:07:00| Telecompaper Headlines
(Telecompaper) Hanwha, a business conglomerate from South Korea, has bought an 8.8 percent share in satellite communications network OneWeb for USD 300 million...
South Koreas Hanwha Systems invests $300m in OneWeb
2021-08-12 02:00:00| Total Telecom industry news
Since its rescue from bankruptcy by the UK government and Bharti Airtel back in 2020, UK satellite broadband player OneWeb has been going to strength to strength. In January 2021, SoftBank and Hughes Network System announced they would invest an additional $400 million into the company, bringing the companies total investment to $1.4 billion. By March, OneWeb had began launching low Earth orbit (LEO) satellites into orbit but warned that it would need to raise another billion dollars to reach its goal of global coverage in 2022 using around 648 satellites…read more on TotalTele.com »
Tags: south
systems
300m
invests
OneWeb begins commercial service as Airtel invests additional $500m
2021-07-01 02:00:00| Total Telecom industry news
In March 2020, UK-based satellite broadband player OneWeb filed for bankruptcy, having failed to secure funding for their LEO satellite constellation, citing market turbulence related to the emerging coronavirus pandemic. In November, however, a miraculous turnaround was on the cards, with the UK government and Bharti Global, run by Indian billionaire Sunil Mittal, both committing $500 million to rescue the company from bankruptcy. By January 2021, more investment was flowing into the company…read more on TotalTele.com »
Tags: service
additional
commercial
begins