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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Network Access Associates, a UK based organisation that is also part of the OneWeb Group of companies, on Friday announced that it would be acquiring a 74% stake in OneWeb India Communications, given as to how the Indian unit is hearing up to enter the bandwidth leasing business prior to launching speedy satellite-based broadband services in India, starting from 2022.
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As of now, OneWeb India is completely owned by Nettle Infrastructure Investments, which is a Bharti Airtel owned unit. A person aware of the matter stated to ET Telecom that Network Access Associates, which is a wholly-owned arm of the Bharti Global-backed OneWeb UK, would be acquiring a significant majority of the portion of Nettle Infra’s stake in OneWeb India.
In case you did not know, Bharti Airtel is itself owned by Bharti group of companies, with Bharti Global being the overseas arm of the enterprises, which is the holding company of Bharti Airtel, India’s second-best telecom operator.
UK’s OneWeb stakeholders, inclusive of Bharti Global, the UK government, SoftBank and Hughes Network Systems, are represented in NAA. Eutelsat will also be represented post the French geostationary satellite operator’s stated 24% stake purchase in OneWeb-UK achieves closure. OneWeb group, however, did not reply to any queries put forth by ET.
What Do We Know About OneWeb’s Future Plans in India
OneWeb India Communications, which applied for a GMPCS permit to the Department of Telecommunications or DoT, is supposedly going to lease a chunk of the company’s satellite bandwidth capacity in order to offer cellular connectivity services to the likes of Bharti Airtel and other telcos that are facing challenges when it comes to offering uninterrupted 4G coverage in India’s rural and remote areas.
