Oneweb Secures $550 Million In New Funding: Eutelsat To Take Significant Equity Stake In The Company
Oneweb Secures $550 Million In New Funding: Eutelsat To Take Significant Equity Stake In The Company
04/27/21, 6:17 PM
Location
londonMoney raised
$550 million
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.
Company Info
Location
london, ontario, canada
Additional Info
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.