Bharti Group and the UK Government-owned Low Earth Orbit (LEO) satellite communications company OneWeb announced the launch of 36 new satellites on 27th December 2021.
With this launch, the in-orbit constellation of OneWeb constitutes 394 satellites. With this OneWeb has reached 60% of its planned 648 LEO satellite fleet for delivering high-speed, low-latency global internet connectivity.
The business is fully funded with $2.7 Billion raised since November 2020 and no debt issuance.
OneWeb Executive Chairman, Mr. Sunil Bharti Mittal said “OneWeb now has over sixty percent of its global satellite fleet in space. It is an extraordinary achievement for a company that was reborn just a year ago. Together we are delivering on our promise to achieve digital transformation on a global scale, through our robust, secure, and resilient satellite broadband network”.