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Oneweb Fully-Funded With New $500M Investment. Secures $2.4Bn In Total Funding

Jun 29, 2021•about 4 years ago

Amount Raised

$500 Million

London

Description

OneWeb, the global Low Earth Orbit (LEO) satellite communications company, has secured further fund-raising on the anniversary of the successful bid by UK Government and Bharti Global (Bharti) to purchase OneWeb from US Chapter 11 to bring its total funding to $2.4 billion. OneWeb has completed its transformation with the exercise of a Call Option by Bharti to invest an additional $500m into the company.

Company Information

Company

One Web

Location

London, Ontario, Canada

About

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.

Funding Insights

Based on industry data
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