OneWeb, the low Earth orbit (LEO) satellite communications company, announced that it has completed its acquisition of Texas-based TrustComm Inc., a provider of managed satellite communications and professional services to commercial and governments organizations. OneWeb announced the planned acquisition of TrustComm in May 2021 and received all necessary regulatory approvals enabling the transaction to close.…
Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, and OneWeb, the low Earth orbit satellite communications company, announced that they have signed a distribution agreement in the U.S. focused on enterprise services. In India, the parties have entered into an MOU for a strategic agreement to distribute…
Hanwha, the South Korean Fortune 500, global technology and manufacturing company has announced a USD $300m equity investment by Hanwha Systems in OneWeb, the Low Earth Orbit (LEO) satellite communications company. Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb, alongside relationships to new government customers and expanded geographical reach, the statement…
OneWeb, the global communications network powered from space, announced the appointment of Nadia Hoosen as Chief Legal Officer and Group Company Secretary. A dual qualified Solicitor and Chartered Secretary, Nadia is a recognised leader with two decades of legal and UK listed / regulatory expertise. Nadia has spent most of her legal career in-house within…
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…
OneWeb, the global communications network powered from Space, has entered into a definitive agreement to acquire Texas-based TrustComm Inc., which will enable OneWeb to offer its Low Earth Orbit (LEO) network and connectivity services to U.S. government clients and TrustComm customers. Based at the highly secure Ellington Joint Base in Houston, Texas, TrustComm was established in…
OneWeb, the global communications network powered from space, has announces that it has secured $550 million in funding from Eutelsat Communications, 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…
Bharti-backed global communications company, OneWeb, said it has appointed former Ericsson SVP Per Borgklint as its Chief Commercial Officer. “We are thrilled to have Per Borgklint joining the OneWeb team as CCO! With over 20 years of experience in leadership positions, Per will be spearheading our go-to-market strategies across all key verticals, and bringing further…
OneWeb, the Low Earth Orbit (LEO) satellite network owned by UK Government, Bharti Global and other strategic investors, has announced the appointment of Srikanth Balachandran as Chief Financial Officer (CFO). Srikanth joins from Bharti Global, where he was CFO since Oct 2018 and prior to that, was CFO of Bharti Airtel for seven years. Under…
OneWeb, the Low Earth Orbit (LEO) satellite communications company jointly owned by the UK Government and Bharti Global, has secured additional funding from SoftBank Group Corp. and Hughes Network Systems LLC, bringing OneWeb’s total funding to $1.4 billion. The capital raised to date positions the Company to be fully funded for its first-generation satellite fleet,…
U.S. satellite broadband provider Hughes Network Systems has agreed to invest $50mn in the British government and Bharti-backed consortium buying collapsed satellite operator Oneweb. Hughes previously partnered with OneWeb, which collapsed in late March with 74 out of a planned 650 satellites launched after top backer SoftBank Group Corp declined to provide further funding. “This…
OneWeb, the communications company whose mission is to bring connectivity to governments, businesses, and people everywhere, announced that it has entered into an agreement with a consortium led by HMG (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global Limited for the acquisition of the OneWeb business in connection…