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Tag: OneWeb

OneWeb sale to UK-Bharti group gets court approval

OneWeb sale to UK-Bharti group gets court approval

Science
The sale of the failed satellite company OneWeb to Bharti Global Ltd of India and the UK government has been approved by a US bankruptcy court.The two parties' joint bid of $ 1bn (£800m) secures them the firm's assets.It means OneWeb will soon be able to resume building a space network capable of delivering broadband internet connections to all parts of the globe.Ministers hope the resurrected firm can also transmit navigation signals as an alternative to the EU's Galileo system.Britain walked away from involvement in the European project when it ceased to be a Union member state in January.Friday's hearing, held under the auspices of the US Bankruptcy Court for the Southern District of New York, was a key procedural moment in On
UK government takes £400m stake in satellite firm OneWeb

UK government takes £400m stake in satellite firm OneWeb

Science
The UK is spending $ 500m (£400m) on a stake in failed satellite firm OneWeb as part of a plan to replace use of the EU's Galileo sat-nav system.OneWeb went bankrupt in March while trying to build a spacecraft network to deliver broadband. The UK is part of a consortium with India's Bharti Global which won a bidding war for the company.Business Secretary Alok Sharma said it would help deliver the "first UK sovereign space capability".In a statement, Mr Sharma said: "This deal underlines the scale of Britain's ambitions on the global stage. "Our access to a global fleet of satellites has the potential to connect millions of people worldwide to broadband, many for the first time, and the deal presents the opportunity to further dev
Coronavirus: OneWeb blames pandemic for collapse

Coronavirus: OneWeb blames pandemic for collapse

Science
OneWeb, the high-profile London-based satellite start-up, has filed for bankruptcy protection in the US.The firm, which has been building a network to deliver broadband across the globe, blamed the Covid-19 crisis for its inability to secure new investment.OneWeb issued a statement saying it was laying off most of its staff while it seeks a buyer for the company.The start-up recently launched the 74th satellite in a constellation planned to total at least 648 spacecraft.The idea is that this network will provide high-bandwidth, low-latency internet connections to any point on Earth, bar Antarctica.Rumours of a collapse had been swirling around OneWeb this past week. It had raised £2.6bn to imple
OneWeb increases mega-constellation to 74 satellites

OneWeb increases mega-constellation to 74 satellites

Science
The London-based start-up OneWeb launched another big batch of satellites on Saturday.A Soyuz rocket lifted off from Baikonur, Kazakhstan, carrying 34 more spacecraft into orbit to continue the build-up of the firm's broadband internet constellation.The mission took place despite the coronavirus pandemic, which has limited much space activity elsewhere. It also comes amid rumours the firm may consider seeking bankruptcy protection.A report by Bloomberg on Thursday said OneWeb was examining different options it could use to stave off the difficulties of a cash crunch. A spokesperson wouldn't comment on those rumours, telling BBC News only that OneWeb was "focused 100% on launch".The Soyuz rocket ...
OneWeb launches 34 communications satellites from Kazakhstan

OneWeb launches 34 communications satellites from Kazakhstan

Science
March 21 (UPI) -- A Soyuz rocket carried 34 satellites toward orbit from Kazakhstan on time at 1:06 p.m. EDT Saturday in the third such launch for OneWeb spacecraft made in Florida. The launch will boost OneWeb's global network of satellites to 74 as it strives to provide high-speed Internet access to remote areas. OneWeb previously launched 40 satellites from space centers in Kazakhstan and South America. Saturday's launch came from Russia's Baikonur Cosmodrome in Kazakhstan on a Soyuz rocket purchased through French space firm Arianespace. OneWeb is one of several U.S. companies competing to launch vast new constellations of satellites to provide high-speed, reliable internet around the globe. SpaceX has the largest constellation so far, at 362 satellites, and plans for up to 42,000. ...