OneWeb has been awarded £18 million of UK Space Agency funding by the European Space Agency to extend its satellite constellation for global communications. The news has been announced one week ahead of OneWeb’s planned launch of its first of ten satellite batches.
The proposed merger between Intelsat and proposed LEO (low Earth orbit) satellite constellation OneWeb has been called off, after a requisite number of bondholders refused to back the move.
Intelsat and OneWeb have announced that they have entered into a definitive combination agreement, which will see the two companies merge into a single satellite operator.
OneWeb, the satellite company aiming to build a global network of hundreds of satellites providing global internet access, has created a new joint venture with Airbus Defence and Space called OneWeb Satellites.
Global satellite broadband start-up OneWeb has announced that it has raised $500 million in funding from a group of international companies, including Intelsat, Coca-Cola and previously announced partner Airbus.
Airbus Defence and Space has announced that it is to build 900 microsatellites for satellite broadband start-up OneWeb, planned for launch into low Earth orbit beginning in 2018 to deliver global internet access.
OneWeb has announced plans to build, launch and operate a 648-strong constellation of micro-satellites to provide global internet access, with Virgin and Qualcomm named as initial investors.
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