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Bharti companies Chairman, Sunil Bharti Mittal has been appointed as executive chairman of OneWeb, a Low Earth Orbit (LEO) satellite communications corporation that has now emerged from financial ruin and will start industrial connectivity offerings in late 2021.
In an announcement issued on Friday, Mittal, said, “We sit up for partnering with the ones equally determined to go into this new space Age. there is unmet demand around the globe for broadband connectivity and we intend to hold OneWeb’s social undertaking.”
OneWeb is a global communications network powered by a constellation of 650 Low Earth Orbit (LEO) satellites. situated in London, OneWeb is allowing excessive-speed, low latency connectivity for governments, companies, and communities anywhere around the world.
OneWeb’s satellites, collectively with a network of worldwide gateway stations and various consumer Terminals, will provide a lower-priced, speedy, high bandwidth, low-latency communications carrier related to the IoT future, and a pathway to 5G for everyone, anywhere.
based with a vision to bridge the virtual divide through its network, OneWeb was acquired with the aid of the united kingdom government and the Bharti organization in October 2020 and has since welcomed leading satellite tv for pc communications operator Eutelsat on board, in addition to additional funding from SoftBank and Hughes network institution, a key generation accomplice.
OneWeb has secured worldwide precedence spectrum, has quite a number person Terminals in improvement, has a confirmed release agenda to scale the constellation, and floor stations placed global, such as Norway, Portugal, Alaska, Connecticut, Florida, and greater.
in the course of 2021, OneWeb is checking out its network and conducting demonstrations with key customers in readiness for business offerings to areas above the fiftieth parallel north before the end of the year, after which globally in 2022.
Short Summary On The INDIAN who Challenged Elon Musk.
- OneWeb is a satellite broadband service provider founded in 2014.
- OneWeb plans to provide high-speed broadband connectivity through low earth orbit satellites.
- A bunch of engineers from google joined as the first batch of employees in OneWeb.
- OneWeb completes directly with ElonMusk's SpaceX Starlink.
- OneWeb has so far raised investments from Softbank, Airbus, Qualcomm, Airtel, and the UK government.
Troubled Times -
- After a few Successful initials years, OneWeb ran into trouble.
- The company could not complete its $2 billion financings round.
- This put the future of the company under a question mark. As the stock markets crashed in March 2020, the company faced a liquidity crisis. The company laid off 531 Employees.
- OneWeb filed for Chapter 11 bankruptcy in March 2020.
Acquisition by Airtel-
- In July 2020, Airtel teamed up with the British government to acquire OneWeb from the Bankruptcy proceedings.
- As a part of the acquisition plan, Bharti Airtel will pump $500Million into the company, The British government will also invest another $500 Million in OneWeb.
Back to Business-
- After Airtel led the acquisition, the company raised further rounds of investment. With money in their bank accounts, OneWeb got back to launching SATELLITES.
- After the acquisition by Bharti Airtel-led consortium.
- OneWeb has launched 72 Satellites in less than a year so far.
- The company is all set to launch the remaining 108 Satellites by the end of June 2021.
- OneWeb has so far signed segments with countries like Uzbekistan to provide internet connectivity in remote locations which are not feasible through traditional Optic Fibre Networks.
- OneWeb has also announced its India debut by 2022.
Face off with Space X Starlink-
- OneWeb aims to provide broadband connectivity to people and businesses through the constellation of Satellites.
- OneWeb's satellite network will operative in the LEO (Lower Earth's Orbit).
- OneWeb and SpaceX are planning to operate in the same market segments. This will bring both the companies to face to face in Battle to acquire its market shares.
- So far SpaceX Starlink has launched its beta version of Broadbands and is ahead in the race while OneWeb is competing for its constellation fast.OneWeb plans to launch its services by 2022.
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