Tag Archives: OneWeb

OneWeb wins $1.25B in funding for satellite net

The international OneWeb consortium says it’s raised another $1.25 billion in funding for its internet satellite constellation, ensuring a ramp-up in its production and launch campaign with the aim of offering high-speed global access by 2021. OneWeb says its new capital infusion … Continue reading

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OneWeb’s first broadband satellites are launched

A Russian-built, European-launched Soyuz rocket sent the first six satellites of OneWeb’s broadband data constellation into orbit today, kicking off a years-long campaign aimed at making high-speed internet connections available to billions of people around the world. Liftoff marked the … Continue reading

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Intelsat-OneWeb satellite merger falls apart

The OneWeb satellite venture says it has terminated its deal for a mega-merger with Intelsat because not enough of Intelsat’s bondholders agreed to a debt swap. The deal would have been facilitated by a $1.7 billion investment from Softbank, but … Continue reading

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OneWeb satellites added to Blue Origin’s list

WASHINGTON, D.C. – A day after announcing the first launch customer for Blue Origin’s yet-to-be-built New Glenn rocket, Amazon billionaire Jeff Bezos introduced the second customer: OneWeb, a venture that aims to create a satellite network for global broadband access. Over the … Continue reading

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SoftBank backs Intelsat-OneWeb merger

Intelsat and OneWeb today laid out plans for a mega-merger aimed at bolstering their satellite internet services, with a $1.7 billion investment boost from SoftBank. The arrangement is a head-turner, due to the complicated conditions of the deal as well … Continue reading

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SoftBank boosts OneWeb satellite network

The OneWeb internet satellite venture says it has secured another $1.2 billion in investment, including a billion dollars from SoftBank Group. OneWeb said the new infusion of capital will support the construction of a high-volume satellite production facility in Exploration … Continue reading

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