Lord Willetts previously served as Minister for Universities and Science as well as holding Chair and Board positions across the space and science sector
Lord Willetts will work with the recently appointed CEO of the UK Space Agency, Dr Paul Bate, to deliver on the government’s vision for space
LONDON (UK Space Agency PR) — Business Secretary Kwasi Kwarteng has appointed Lord David Willetts as the Chair of the UK Space Agency’s Board, the government announced today.
The appointment comes at an exciting time for the agency, looking ahead to the UK’s first domestic launch this year, and following the recent publication of the National Space Strategy, which sets out the government’s long term commitment to building on the UK’s existing strengths in order to develop the UK as a world class space economy.
BT signs landmark agreement for OneWeb low Earth orbit (LEO) satellite network and connectivity services
Tests to integrate LEO satellite services across consumer and business divisions to create added value for customer, with first trials expected in early 2022
The agreement between the two British-headquartered companies will support UK Government’s National Space Strategy and spans BT’s global footprint
Satellite services form a component of BT’s vision to enable digital solutions anywhere in the UK by 2028
LONDON, 2 November 2021 (OneWeb PR) — BT and OneWeb have agreed terms for a new Distribution Partner Agreement, with OneWeb to provide low Earth orbit (LEO) satellite communication services across BT Group.* This builds on an initial Memorandum of Understanding signed in July and means BT is testing how LEO satellite technology integrates with its existing terrestrial capabilities to meet the communications needs of customers. On successful completion, BT will commence the first live trials with customers from early next year. The partnership will span a growing range of connectivity solutions around the world as well as specific opportunities for the U.K. market.
Hanwha Systems of South Korea invests USD $300m for an 8.8% share
Brings advanced technology capabilities to investor line-up
Brings OneWeb total equity investment to USD $2.7bn
LONDON, 12 August 2021 (OneWeb PR) — Hanwha, the South Korean Fortune 500, global technology and manufacturing company has announced a USD $300m equity investment by Hanwha Systems (“Hanwha”) 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.
This investment brings OneWeb’s total equity investment since November 2020 to USD $2.7bn with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory approvals.
Eutelsat investment brings OneWeb to $1.9 billion in total financing
Secures 80% of total financing, as latest launch puts almost 30% of Gen 1 fleet in space
Collaboration with Geostationary (GEO) satellite operator offers new customer opportunities
Eutelsat joins U.K. Government, Bharti Global and SoftBank as key investors
LONDON, 27 April 2021 (OneWeb PR) — OneWeb, the global communications network powered from space, announces today that it has secured $550 million in funding from Eutelsat Communications (Euronext Paris: ETL), 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 of Low Earth Orbit (LEO) satellites into mainstream long-term growth planning for major operators.
Eutelsat, one of the world’s leading satellite operators, will receive a c.24% equity stake in OneWeb and similar governance rights to the U.K. Government and Bharti Global, making it a significant equity partner and joining leading investors including the U.K. Government, Bharti Global and SoftBank. The investment is expected to be completed in the second half of 2021, subject to regulatory approvals.
OneWeb confirms successful launch and contact with all 36 satellites
The latest deployment brings the in-orbit constellation to 146 satellites
On track to cover 50 degrees Latitude and above by end of year; three more launches to go
LONDON, 25 March 2021 (OneWeb PR) — OneWeb, the Low Earth Orbit (LEO) satellite communications company, has confirmed the successful launch of all 36 satellites by Arianespace from the Vostochny Cosmodrome. This launch, its second under new ownership, brings its total in-orbit constellation to 146 satellites. These will form part of OneWeb’s 648 LEO satellite fleet that will deliver high-speed, low-latency global connectivity.