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British-Indian team buys OneWeb network for $1B

The British government and Bharti Global Ltd., which is part of the world’s third-largest mobile operator, have successfully bid more than $1 billion to acquire the bankrupt OneWeb satellite broadband internet venture.

London-based OneWeb said the deal, resulting from an auction held this week in New York, will enable it to resume plans to add to its 74-satellite constellation and offer global internet access from above, starting with the Arctic.

The sale still has to be approved by the U.S. Bankruptcy Court and regulatory authorities, but the transaction is expected to close late this year.

“With differentiated and flexible technology, unique spectrum assets and a compelling market opportunity ahead of us, we are eager to conclude the process and get back to launching our satellites as soon as possible,” OneWeb CEO Adrian Steckel said today in a news release.

The deal breathes new life into a rival of SpaceX’s Starlink constellation, which already has more than 500 satellites in orbit and could begin limited service this year. OneWeb is also perceived as a competitor of Amazon’s Project Kuiper, which is working out the regulatory requirements for putting more than 3,000 satellites in orbit for a global broadband internet network.

At one point, Amazon was rumored to be interested in bidding on OneWeb’s assets, including its spectrum licenses, but nothing came of those rumors.

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Britain gives its backing to OneWeb satellite bid

The likeliest purchaser of the bankrupt OneWeb broadband satellite venture isn’t Amazon, but a consortium backed by the British government. That’s according to satellite industry watchers cited by Space Intel Report and The Financial Times.

Amazon, which is working on its own Project Kuiper satellite constellation, was said to be among the entities that expressed interest in bidding on OneWeb’s assets after the London-based satellite concern declared Chapter 11 bankruptcy in March. OneWeb said the market disruption caused by the coronavirus pandemic spoiled arrangements to win further financial support from SoftBank group, one of its biggest backers, forcing the move to seek financial protection.

OneWeb’s assets were put up for sale under the supervision of U.S. bankruptcy court in New York. Bids were due to be opened today for an initial round of assessment. If there’s no clear winner in the eyes of the judge and OneWeb’s creditors, an auction would be held on July 2.

The Financial Times quoted its sources as saying the British government was willing to put up about $617 million (£500 million) as part of a wider private-sector consortium bid. If the bid is successful, the government could end up owning more than 20% of OneWeb, according to The Financial Times.

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OneWeb applies to put 48,000 satellites in orbit

Image: Satellite web
An artist’s conception shows a constellation of satellites in orbit. (Credit: OneWeb)

Even though the OneWeb satellite venture is going through bankruptcy and a potential sale, it filed an application overnight with the Federal Communications Commission to expand its planned broadband internet constellation to as many as 48,000 satellites.

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Amazon reportedly signs up for OneWeb auction

OneWeb satellite
An artist’s conception shows one of OneWeb’s satellites in orbit. (OneWeb Satellites Illustration)

Amazon is among the players in a bankruptcy bidding game with the assets of the OneWeb satellite venture at stake, according to Space Intel Report.

Quoting unnamed industry officials, Space Intel Report’s Peter B. de Selding says other potential bidders include two Chinese organizations that are apparently acting on behalf of the Chinese government; the Paris-based satellite operator Eutelsat, which apparently has the backing of the French government and several other European Union member states; and Cerberus Capital Management, a New York-based private equity firm with interesting connections.

Space Intel Report also quotes the officials as saying that SpaceX was among those expressing interest, but SpaceX CEO Elon Musk denied that was the case. “Not SpaceX,” Musk wrote in a tweet.

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Report: Amazon checking out OneWeb’s assets

Image: Satellite web
An artist’s conception shows a constellation of satellites in orbit. (Credit: OneWeb)

London’s Telegraph newspaper reports that Amazon is understood to be among the entities sifting through the assets of OneWeb, a venture that began building a constellation of broadband internet satellites but filed for bankruptcy in March.

Amazon’s interest has to do with its plans to create its own broadband constellation, known as Project Kuiper. The most attractive assets that OneWeb has to offer would arguably be its rights to radio frequency spectrum and its access to the U.S. market — advantages that Amazon currently lacks.

Among the other entities looking at OneWeb’s assets, according to the Space Intel Report, are SpaceX, Eutelsat and the British government.

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OneWeb files for bankruptcy amid COVID-19 chaos

An artist’s conception shows a OneWeb satellite in space. (OneWeb Satellites Illustration)

OneWeb, the London-based venture that launched its latest batch of broadband internet satellites last weekend, filed for Chapter 11 bankruptcy protection in New York today.

“The company intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company,” OneWeb said in a news release.

OneWeb has 74 satellites in low Earth orbit, and half of its 44 planned ground stations have been completed or are in development. It was planning to begin offering broadband internet access in the Arctic as soon as this year, and broaden its service to the entire globe with hundreds of satellites over the next year or so. All those plans are now up in the air.

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34 satellites go into orbit for OneWeb network

OneWeb’s third batch of satellites for its broadband internet constellation was lofted into orbit today on a Russian Soyuz rocket launched from Kazakhstan with the aid of Europe’s Arianespace consortium.

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Dozens of OneWeb satellites go into orbit

Europe’s Arianespace launch consortium today used a Russian-made Soyuz rocket to send 34 satellites into a near-polar orbit for OneWeb’s broadband internet constellation, sharpening a rivalry with SpaceX’s Starlink satellite constellation.

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Amazon and OneWeb update their satellite plans

An artist’s conception shows a OneWeb satellite in space. (OneWeb Satellites Illustration)

Filings with the Federal Communications Commission are providing fresh details about the plans being laid by Amazon and OneWeb to set up networks of satellites for global broadband internet access.

OneWeb, for example, is seeking FCC approval for up to 1.5 million ground terminals that customers would use to receive and transmit satellite data.

Amazon, meanwhile, is answering questions from the FCC about how the satellites in its Project Kuiper constellation would be maneuvered and deorbited. The answers make clear that Project Kuiper’s satellite design is still very much in flux.

That’s in contrast to SpaceX, which has already launched 60 of its Starlink satellites and is expected to send another batch into orbit as early as this month.

SpaceX, Amazon and OneWeb are considered the leading competitors in the nascent market to offer high-speed internet access from low Earth orbit, or LEO, to the billions of people who are currently underserved. Other players in the LEO broadband market include Telesat and LeoSat.

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Intelsat sues OneWeb broadband satellite venture

OneWeb satellite
An artist’s conception, released during the time when Intelsat was considering what would have been effectively a merger with OneWeb, shows a OneWeb satellite in orbit. (OneWeb Illustration)

One of the world’s biggest satellite operators, Intelsat, is accusing the OneWeb broadband satellite venture and its biggest investor, SoftBank, of breach of contract, fraud and conspiracy in a lawsuit seeking what could amount to tens or hundreds of millions of dollars in damages.

In the course of laying out its case, Intelsat told the New York State Supreme Court that it paid Redmond, Wash.-based Kymeta, a venture backed by Microsoft co-founder Bill Gates, $10 million for development of a flat-panel antenna for OneWeb’s constellation.

Intelsat’s Sept. 10 filing also said OneWeb has pivoted from its original plan to provide broadband access to underserved regions of the world to concentrate on the very markets that Intelsat was planning to serve under the terms of the deal it struck in 2015 with OneWeb: maritime and aviation mobility services, oil and gas industry services and government services.

The lawsuit claims that OneWeb decided to “abandon its business plan of focusing on consumer broadband, land-based connectivity and underserved geographic markets because OneWeb and/or SoftBank concluded such plan would not yield sufficient revenues and was not viable in the long term.”

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