Softbank has cut a check for $1 billion to OneWeb, which plans to build a constellation of satellites to provide Internet access to underserved parts of the world, the companies announced Monday. Helmed by satellite industry veteran Greg Wyler, OneWeb raised a total of $1.2 billion in its latest round of funding. The company will deploy 650 Ku band satellites into orbit at a height of 750 miles, which will offer more than 10 terabits per second of new capacity. OneWeb also will build user terminals containing embedded LTE, 3G, 2G and WiFi.
Loading ...
Softbank Pumps $1B Into Global Web Access Race
Posted by: Richard Adhikari December 20, 2016 09:09 AMSoftbank has cut a check for $1 billion to OneWeb, which plans to build a constellation of satellites to provide Internet access to underserved parts of the world, the companies announced Monday. Helmed by satellite industry veteran Greg Wyler, OneWeb raised a total of $1.2 billion in its latest round of funding. The company will deploy 650 Ku band satellites into orbit at a height of 750 miles, which will offer more than 10 terabits per second of new capacity. OneWeb also will build user terminals containing embedded LTE, 3G, 2G and WiFi.