SpaceTech 2023 - Banner

Eutelsat taps into LEO and buys 24% of OneWeb

Eutelsat headquarters in Paris. Photo: Eutelsat

Luxembourg, 28 April 2021. – Eutelsat invests in OneWeb and acquires a 24% stake for $550 million, “becoming a leading shareholder of the company alongside the UK Government and Bharti Global”, Eutelsat announced.

The investment will be cash financed through Eutelsat’s liquidity position of €1.9 billion and through the $507 million that Eutelsat expects to receive from selling C-band rights in the U.S.

OneWeb will operate 648 satellites in low Earth orbit (LEO), offering “significant” regional coverage by the end of 2021 and global coverage in 2022.

“OneWeb will be the first complete non-geostationary constellation with truly global coverage, significantly ahead of competing projects”, Eutelsat said. “It will deliver 1.1 Tbps of capacity addressing the government, fixed data and mobility markets. Plans include a second-generation constellation that will provide significant enhancements in terms of capacity, flexibility and economics.”

OneWeb anticipates annual revenues of around $1 billion within three to five years following the full deployment of the constellation, Eutelsat added.

Check Also

EU SST

EU SST Wins T.S. Kelso Award for Flight Safety Contributions

Space Data Association has announced The European Union Space Surveillance and Tracking Partnership (EU SST) as the recipient of the T.S. Kelso Award in recognition of outstanding contributions to space flight safety. The EU SST Partnership relies on the SSA capabilities of 15 Member states of the European Union to provide space safety services, with the EU Agency for the Space Programme (EUSPA) acting as the Front Desk.

© Copyright SpaceWatch.Global GmbH 2023, All Rights Reserved

Privacy settings

Decide which cookies you want to allow. You can change these settings at any time. However, this may result in some functions no longer being available. You can find information on deleting cookies in the help section of your browser. Explore more about the cookies we use.

You can enable or disable different types of cookies:

This website will

  • remember your cookie permission setting (required)
  • allow session cookies (required)
  • allow you to use the contact form and other forms across all pages (required)
  • remember the selected language version (required)
  • authenticate that you are logged into your user account (required)

This website won't

  • Keep your login details (functionality)
  • interact with social media (functionality)
  • remember selected region and country (functionality)
  • display specific content through location information (anonymous statistics)
  • provide us with anonymous data to improve this website (anonymous statistics)
  • provide data for individual offers (marketing)

This website will

  • remember your cookie permission setting (required)
  • allow session cookies (required)
  • allow you to use the contact form and other forms across all pages (required)
  • remember the selected language version (required)
  • authenticate that you are logged into your user account (required)
  • interact with social media (functionality)
  • remember selected region and country (functionality)

This website won't

  • provide us with anonymised interest data to improve our offer (anonymous statistics)
  • enable region-based evaluations with the help of anonymised location data (anonymous statistics)
  • provide us with anonymous data for the technical improvement of this website (anonymous statistics)
  • provide data for individual offers (marketing)
  • collect personally identifiable information (marketing)

This website will

  • remember your cookie permission setting (required)
  • allow session cookies (required)
  • allow you to use the contact form and other forms across all pages (required)
  • remember the selected language version (required)
  • authenticate that you are logged into your user account (required)
  • interact with social media (functionality)
  • remember selected region and country (functionality)
  • provide us with anonymised interest data to improve our offer (anonymous statistics)
  • enable region-based evaluations with the help of anonymised location data (anonymous statistics)
  • provide us with anonymous data for the technical improvement of this website (anonymous statistics)

This website won't

  • provide data for individual offers (marketing)
  • collect personally identifiable information (marketing)

This website will

  • remember your cookie permission setting (required)
  • allow session cookies (required)
  • allow you to use the contact form and other forms across all pages (required)
  • remember the selected language version (required)
  • authenticate that you are logged into your user account (required)
  • interact with social media (functionality)
  • remember selected region and country (functionality)
  • provide us with anonymised interest data to improve our offer (anonymous statistics)
  • enable region-based evaluations with the help of anonymised location data (anonymous statistics)
  • provide us with anonymous data for the technical improvement of this website (anonymous statistics)
  • provide data for individual offers (marketing)
  • collect personally identifiable information (marketing)

This website won't

  • Remember your login details
Save & Close