Converge Digest

OneWeb Advances its Vision for Ku-band LEO Constellation

OneWeb, the venture planning to build, deploy and operate a low earth orbit (“LEO”) Ku-band satellite constellation, announced $500 million in funding from  Airbus, Bharti Enterprises, Hughes Network Systems, (Hughes), a subsidiary of EchoStar Corp., Intelsat, Qualcomm, The Coca-Cola Company, Totalplay, a Grupo Salinas Company, owned by Ricardo B. Salinas, and Richard Branson’s Virgin Group.

“The dream of fully bridging the digital divide is on track to be a reality in 2019,” said Greg Wyler, founder of OneWeb. “Together with our committed and visionary founding shareholders we have the key elements in place: regulatory, technology, launches, satellites, as well as commercial operators in over 50 countries and territories. We are committed to solving one of the world’s biggest problems – enabling affordable broadband Internet access for everyone. We are excited about the next phase, which will involve working with countries, telecom operators and aid organizations to help them realize their goals of open and ubiquitous access.”

Some highlights on the OneWeb plan:

http://www.oneweb.world/

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