OneWeb, the global communications network powered from space, announces today that it has secured $550 million in funding from Eutelsat Communications (Euronext Paris: ETL), bringing OneWeb's total funding to $1.9 billion in fresh equity. This investment from one of the world's most experienced and largest global operators is a vote of confidence in OneWeb and underscores the arrival of Low Earth Orbit (LEO) satellites into mainstream long-term growth planning for major operators.

 OneWeb, the Low Earth Orbit (LEO) satellite communications company jointly owned by the UK Government and Bharti Global, is on a mission to connect everyone, everywhere. High-speed, low-latency servicesThrough a global constellation of satellites in Low Earth Orbit, OneWeb will be able to deliver high-speed, low-latency services everywhere.

Oneweb Secures $550 Million In New Funding: Eutelsat To Take Significant Equity Stake In The Company

Description

Company Information

Funding Insights