Late Post

Eutelsat takes stake in OneWeb satellite tv for pc service

In considerably of a shock transfer for the main French operator, which has to this point targeted on delivering satellite tv for pc TV providers all over the world, Eutelsat Communications has acquired a 24% fairness stake within the controversial UK/Indian low Earth orbit (LEO) satellite tv for pc service OneWeb.

Trying to emulate Elon Musk’s Starlink challenge, OneWeb goals to implement a constellation of 650 LEO satellites with a community of worldwide gateway stations and a variety of consumer terminals to supply an inexpensive, quick, high-bandwidth and low-latency communications service, linked to web of issues (IoT) gadgets, and a pathway for mass adoption of 5G providers. It’s also the developer of a positioning system rivalling GPS and the EU’s Galileo satellite tv for pc navigation techniques.

After OneWeb filed for chapter within the US in March 2020, the UK authorities and Bharti World every dedicated $500m to boost OneWeb from the grave and ship what can be the UK’s first sovereign area functionality.

The service formally emerged from chapter in December 2020, and Eutelsat is investing $550m in OneWeb, with closing anticipated within the second half of 2021 topic to regulatory authorisations. The deal will see Eutelsat develop