Bharti Airtel highly experienced CFO moves to OneWeb
An active team member in the acquisition and subsequent emergence from Chapter 11
Continuity assured for OneWeb
LONDON, 19 February 2021 (OneWeb PR) – OneWeb, the Low Earth Orbit (LEO) satellite network owned by UK Government, Bharti Global and other strategic investors, announces 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 his financial stewardship, Airtel engaged in some intense M&A, grew its customer base five-fold to become the world’s No.3 mobile operator in subscriber numbers and expanded its operations to 18 countries. He was closely associated with Airtel’s successful launch and scaling up of the Satellite TV business in India and the rapid expansion of Airtel’s Global Business across the globe.
UPDATE: One Web’s Greg Wyler has confirmed that Virgin Galactic will be launching satellites out of Florida with its 747 and LauncherOne rocket. It’s not clear where they will be based, but my guess is the former Shuttle Landing Facility that Space Florida has taken over. Cecil Field in Jacksonville is another possibility.
A major announcement scheduled Tuesday morning is expected to confirm a high-profile startup’s decision to build hundreds of satellites on the Space Coast that will help expand global Internet access.
Space Florida’s deal with OneWeb promises to generate 250 jobs and $80 million in capital investment, including a $36 million factory to be built at Kennedy Space Center’s Exploration Park on Merritt Island.
Coming months after Blue Origin announced plans to build rockets in the same area, OneWeb’s arrival would further diversify a region long defined as a launch site for vehicles made elsewhere.
And it would establish Exploration Park as a major manufacturing hub near communities hit hard by the space shuttle’s retirement five years ago.