Bharti Enterprises wins bid for OneWeb for $500mA

Bharti Enterprises has won a bid to pick up a 45 per cent stake in OneWeb, a UK-based company that has proposed a mega-constellation of satellites in low earth orbit to deliver affordable wireless internet services to anywhere in the world.

Bharti Enterprises will invest $500 million in OneWeb.

OneWeb’s platform will help to reduce the digital divide by providing high speed, low latency broadband access to the poor and hard-to-reach rural areas.

A low-earth orbit constellation is the only viable mechanism through which the ‘last billion’ can be connected.

In the first phase, the company will launch 650 satellites and subsequently launch 1,980 satellites. Low orbit satellites operate 1,200 km above the Earth’s surface.

OneWeb has proposed a mega-constellation of satellites in low earth orbit to deliver affordable wireless internet services to anywhere in the world.

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