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ONEWEB FUND RAISING
Airtel eyes $2 billion London IPO of mobile money unitAirtel Money, Airtel Africa's mobile money arm, is planning a significant initial public offering. The listing could raise between $1.5 bil...- 24% of Indians want to work in space sector, more than twice levels in US, UK, Australia & Korea : Global surveyThe global space survey comes at a time when competition is set to intensify in India’s relatively nascent broadband-from-space services se...
- Reliance Jio's satcom entry will not hit OneWeb, says Sunil MittalMittal warned that no satcom company would participate if the spectrum meant for the segment was auctioned. That would mean India facing th...
- Bharti-backed OneWeb launches 36 more satellites, deploys 60% of targeted LEO satellite fleetThe latest launch, and the 9th since December 2020, takes OneWeb’s total in-orbit constellation to 394 satellites, representing 60% of OneW...
- Each Starlink user terminal in first year to cost Rs 1.58 lakh; company pushes authorities to tap into USOF“The exact cost of Starlink in India is currently unknown, (but) at 30% taxes/government levies, states and UTs should consider how to fund...
- Google’s app billing rules under fire; Zostel asks Sebi to suspend Oyo's IPOAn Industry body has asked India’s competition regulator to put on hold Google’s tweaks to its Play Store payment rules, which require deve...
- No case for auction of satellite spectrum: Sunil MittalBharti-backed OneWeb, a satellite communications company, has plans to offer its services in India from May 2022, and has said its offering...
- Telecom industry mustn’t be reduced to duopoly: Sunil Mittal“I don’t know what norms the government will apply but I know it’s concerned about the sector and I’m hopeful that something should happen,...
- Telecom industry under stress, hopeful govt will act: Sunil MittalThe Bharti founder’s comments came amid fresh concerns around loss-making Vodafone Idea’s survival chances amid the latter’s dwindling cash...
- Bharti Global to invest an additional $500 million in OneWeb“OneWeb has completed its transformation with the exercise of a Call Option by Bharti to invest an additional $500m into the company,” the ...
- Bharti-backed OneWeb launches another 36 LEO satellites from Russian cosmodromeThe latest satellites launch comes just a month after Bharti-backed OneWeb announced plans to raise $550 million (Rs 4,103 crore) by sellin...
- Bharti backed-OneWeb to raise $550 mn from France's EutelsatEutelsat, a geo-stationary satellite operator, will be a significant equity partner and enjoy similar governance rights to the UK governmen...
- OneWeb secures $260 million more from Softbank, Hughes Network“The capital raised to date positions the company to be fully funded for its first-generation satellite fleet, totaling 648 satellites, by ...
- OneWeb plans to offer broadband services in India by June 2022: Sunil Mittal"We will start to test OneWeb services (in India), sometime in 6-8 months but these services will not be 24/7. Every day, you will have a f...
- India's Bharti and UK win auction for satellite operator OneWeb: ReportOneWeb filed for Chapter 11 bankruptcy at the end of March after its biggest investor SoftBank Group Corp pulled funding, with an auction h...
- Sunil Mittal’s Bharti Enterprises bids for SoftBank-backed satellite firm OneWebOneWeb had formed an alliance in 2018 with partners including Bharti Airtel to allow wireless carriers to extend their service into airplan...
- SoftBank, Bharti Enterprises-backed OneWeb launches satellites in race with Elon MuskThis is part of a boom in private space investment and activity, fuelled by a race to create a computing and data-communications shell surr...
- SoftBank said to near first closing of $100 billion tech fundThe initial investments will likely include $45 billion from Saudi Arabia and $25 billion from SoftBank, as well as $1 billion each from Ap...
- Companies racing to launch satellites to provide super fast internetFrom cost perspective, “covering one square kilometre area through ground connection costs around $3,000. Whereas from space, it would be j...
- This startup OneWeb just raised $500 million from investors like Coca-Cola and Virgin groupOneWeb, which is a London-based company is working to build a satellite network for global broadband connectivity.
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