Eutelsat has boosted its shareholding in satellite broadband operator OneWeb. Eutelsat’s stake has been raised from 17.6 per cent to 22.9 per cent and it is paying an additional $165 million (€142.5m) for the investment. Eutelsat is using an option agreed when it invested $550 million in April this year. “Since Eutelsat’s initial investment, OneWeb […]
Telecoms tycoon Patrick Drahi, having earlier this month bought a large slice (12.1 per cent) of BT, has made a bid to buy Eutelsat. Drahi is said to have offered a €2 (17 per cent) premium over Eutelsat’s current €10.35 share price. Drahi controls the cellular and cable business Altice. A September 30th statement from […]
Satellite broadband operator OneWeb, flush with $1 billion of insurance cover on its remaining 10 launches, is readying its business plans. The operator already has 322 satellites in orbit out of its full constellation target of 648 craft and the latest batch of 36 satellites are being prepared by Arianespace for launch next month having […]
Paris-based consultancy Euroconsult, in its latest report, Satellite Connectivity & Video Market, says that the market value for non-geostationary satellite (NGSO) constellations and their related video markets is expected to exceed $20 billion (€17bn) by 2030. Capacity on non-geostationary accounts for more than 75 per cent of the projected market growth in the next decade. […]
Broadband-by-satellite operator OneWeb has completed its purchase of Texas-based TrustComm. TrustComm provides managed satellite services to commercial and government entities. Under its new ownership the company will now be known as OneWeb Technologies, a wholly-owned subsidiary of OneWeb. Under the terms of a Proxy Agreement with the US Government, OneWeb Technologies will be tasked with […]
OneWeb has appointed Galaxy Broadband as its distributor in Canada. Galaxy has, at best, a two-year window before Telesat’s Lightspeed constellation gets to work. However, OneWeb is not focusing on connectivity direct to Canadian users. Lightspeed will be addressing consumers. OneWeb says that it is supported by a global network of gateways and user terminals. […]
OneWeb, the Low Earth Orbit (LEO) satellite communications company, has confirmed its successful launch of 34 satellites by Arianespace from the Baikonur Cosmodrome in Kazakhstan. This latest successful launch brings OneWeb’s total in-orbit constellation to 322 satellites, nearly half of OneWeb’s entire 648 LEO satellite fleet that will deliver high-speed, low-latency global connectivity. The successful […]
An Arianespace Soyuz-2.1b rocket is due to launch 34 additional OneWeb satellites today (September 14th). Arianespace is working with Starsem on the launch (Flight ST35) which will happen from the Baikonur Cosmodrome in Kazakhstan. The launch represents a major achievement for Arianespace in that it will mark 1000 satellites launched by the company since its […]
Satellite and multi-transport technologies and networks specialist Hughes Network Systems and low Earth orbit satellite communications company OneWeb have signed a distribution agreement in the US focused on enterprise services. In India, the parties have entered into an MOU for a strategic agreement to distribute services to large enterprises, small and medium businesses, government, telcos […]
Satellite operator Eutelsat Communications has confirmed the closing of its $550 million €455.4m) equity investment in Low Earth Orbit service OneWeb announced on April 27th, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6 per cent stake. “We are delighted to close this investment […]