The British government is spending an initial $500 million (€444.9m),to take a reported 45 per cent stake in the consortium which includes Indian giant telco Bharti Global (paying a similar sum for a 45 per cent holding) to acquire bankrupt satellite constellation OneWeb Global Ltd. The UK has confirmed it will receive a “significant equity […]
Ottawa-based Telesat has reportedly entered a bid for OneWeb’s satellite assets. But it isn’t alone. There will be an auction process on July 2nd in New York. The UK is widely reported to have committed to a $500 million (£405m) participation for a 20 per cent stake in OneWeb. The UK bid is said to […]
The UK government is widely reported to have joined a consortium that is bidding for bankrupt OneWeb’s satellite system. The UK reportedly put £500 million (or possibly $500 million) into the consortium for a bid on June 26th. The UK’s interest in OneWeb is for a potential alternate space system to the EU’s Galileo GPS […]
June 26th is ‘Bidding Day’ for OneWeb’s assets. Would-be buyers have to enter their bids for OneWeb, which is in bankruptcy. If no – or inadequate – bids are entered, then the process goes forward to an auction of assets on July 2nd. The UK government is widely reported to have joined a consortium bidding […]
Airbus Defence & Space and OneWeb are in a joint-venture to build up to an initial 900 of OneWeb’s Low Earth Orbiting (LEO) satellites at a factory in Florida and a subsequent 1600 follow-on Generation 2 satellites. Airbus has formally objected to the bankruptcy court which is handling the upcoming sale or auction of OneWeb’s […]
Would-be mega-constellation operator OneWeb, now in Chapter 11 bankruptcy, has a key date looming; June 26th is a deadline for final bids to be entered for either the whole business or parts of the company. The bankruptcy is being handled by a court in New York and, according to Space Intel Report (SIR), the original […]
SES currently has two core deployments of satellites: It has a fleet of powerful geostationary satellites that just about serves the whole planet. It also has 20 O3b (‘the Other 3 Billion’) satellites in Medium Earth Orbit, with seven new ‘super-power’ O3b satellites on order from Boeing, with deployment starting in 2021. The O3b fleet […]