OneWeb, the popular Low Earth Orbit or LEO satellite communications company, on Tuesday, announced that it had secured further fund-raising, on the anniversary of the successful bid by the UK Government and Bharti Global in order to buy OneWeb from US Chapter 11 to bring its total funding to a whopping $2.4 billion. OneWeb has finally completed its transformation with the exercise of a Call Option by Bharti to invest... Read More
OneWeb, the popular Low Earth Orbit (LEO) satellite communications company which is backed by the Bharti group confirmed on Saturday that it had successfully launched 36 satellites by Arianespace from the Vostochny Cosmodrome. In the words of the company, this launch brings OneWeb closer to completing its ambition of 'Five to 50' and the start of commercial service by the end of 2021. With this successful launch, the total number... Read More
Bharti Enterprises (“Bharti”), one of India’s leading business groups, today said that it has acquired a strategic minority stake in OneWeb, which is supported by a global consortium with an aim to provide affordable internet access to all. As one of the founding members of OneWeb, Bharti will have representation on the Board of the company. OneWeb today announced USD 500 million in funding from its investors to take forward... Read More
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