UK IN SATELLITE INTERNET BUSINESS - OneWeb
Internet for Everyone, Everywhere Source: OneWeb OneWeb The United Kingdom and an Indian telecom giant are going into the satellite business together. The British government and Bharti Enterprises have bought OneWeb satellite company for $1 billion. The company was founded by US entrepreneur Greg Wyler with the purpose of providing internet everywhere to everyone with 648 low Earth satellites in orbit. Rolling the Space Dice This is a new lease on life for OneWeb and a gamble with potentially big payouts for the UK and Bharti. OneWeb was purchased out of bankruptcy by the UK and Bharti within the past week. OneWeb filed for backruptcy late in March 2020 after its biggest financial backer SoftBank refused to provide anymore funding. At the time of the filing, OneWeb had 74 satellites in orbit. UK Mission and Goals The UK is looking to add positioning technology to new satellites in order to beef up the American GPS system it uses. It...