OneWeb is the world’s second biggest satellite operator. Through its shareholders, it benefits from $1.4bn of new equity and benefits from $3.4bn previously invested. The company intends to be fully-funded as we build our global satellite network by mid-2022.
As a global communications company powered from Low Earth Orbit (LEO), OneWeb is building an advanced satellite constellation to connect businesses, telecom, and governments with high speed, low-latency, internet connectivity. OneWeb represents the lowest-cost entry investment for any LEO opportunity.
LEO will completely change the current satellite landscape. Lower cost entry, lower on-going costs, and ever-increasing capacity will serve a connected world.
OneWeb has ITU priority on global spectrum use over other operators, who will have to co-ordinate their services. This represents a significant opportunity across large and growing markets featuring both fixed and mobility services for multiple new and existing use cases across B2B and B2G.
OneWeb brings secure, resilient connectivity, through a network of distribution partners, from pole to pole, across oceans and continents.
OneWeb is committed to the responsible use of Space and sustainable practices on Earth, to bridge the digital divide and to serve communities currently denied schooling, health and responsible government.
The Connectivity Landscape
Connect with the Future
In 2020, OneWeb was acquired by the UK Government and the Bharti Group. The Government invested $500m as did Bharti Global, the world’s third largest telecommunications company, creating a $1bn equity investment. In the process, $3.4bn of debt was removed from the restructured company, handing it the lowest-cost structure for LEO network delivery in the world. In January 2021, SoftBank and Hughes returned as equity investors with an additional $400m. This took equity to $1.4bn with no debt finance.
In 2021, OneWeb is focused on testing and scaling its constellation to launch commercial network services by end of year. Our connectivity services are secure, enterprise grade and will be offered through a business-to-business solution to markets including Enterprise, Government, and Mobility Markets such as Aviation and Maritime. The company has secured global priority spectrum, has a range of user terminals in development, and has installed ground stations in strategic locations around the world including Norway, Portugal, Alaska, Connecticut, Florida and more.
OneWeb demonstrations are underway and we are working collaboratively with distribution partners to increase the capacity, availability, and performance of their existing network solutions. Key customers and regional commercial services will launch in the Arctic region in late 2021, rolling out to global services in 2022. Connectivity is one of the greatest benefits a business or government can provide: from connectivity flows a better quality of life, ever expanding horizons, and greater access to prosperity.
Kwasi Kwarteng MP, Secretary of State for Business, Energy and Industrial Strategy
"Each launch is yet another boost for OneWeb and their ambitious plans to connect people and businesses across the globe to fast and reliable broadband. Our support for OneWeb puts the UK at the forefront of the latest advances in space technology and demonstrates our commitment to grow Britain's competitive advantage in this field."
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises
“Together with our UK Government partner, we recognise that OneWeb has valuable global spectrum with priority rights, and we benefit from $3.3bn invested to-date and from the satellites already in orbit, securing our usage rights. These are exciting times and the world now has a LEO alternative to work with. We look forward to partnering with those equally determined to enter this new Space Age. There is unmet demand around the globe for broadband connectivity and we intend to continue OneWeb's social mission. We will use our joint venture facility to drive down cost of service, opening new use cases for low latency broadband provision.”
Alok Sharma, President, 26th UN Climate Change Conference of the Parties (COP26)
“This strategic investment demonstrates the Government's commitment to the UK's space sector in the long-term and our ambition to put Britain at the cutting edge of the latest advances in space technology. Access to our own global fleet of satellites has the potential to connect people worldwide, providing fast UK-backed broadband from the Shetlands to the Sahara and from Pole to Pole.”