The investment is a result of exercise of a ''Call Option'' by Bharti. On completion of the transaction and with Eutelsat''s USD 550 million investment, Bharti will hold 38.6 per cent. The UK government, Eutelsat and SoftBank will each own 19.3 per cent, OneWeb said in a statement.
This is REALLY BIG! @OneWeb Thanks to #Barthi for the confidence in OneWeb. We are fully funded with no debt! Finally! Now we can fully focus on Gen1 final deployment and on Gen2 .. stay tuned
Under the MoU, further feasibility and demand studies will be conducted in the five African countries that have already expressed interest in the bulk capacity purchase: Djibouti, Egypt, Kenya, Morocco, and Rwanda. SoftBank and Smart Africa will also draw up implementation plans and consider potential market entries in the future.SoftBank has invested in a number of non-terrestrial communications in recent years. As well as owning HAPSMobile, the company has previously invested in OneWeb, Skylo, and Google’s now-defunct project Loon, as well as Aerostat company Altaeros. It first announced its NTN offering in June.
This is quite interesting. SoftBanks is pushing for OneWeb to be used in "Smart Africa initiative".Seems this could be a two pronged approach from OneWebs shareholders with Softbank goting for the GOvernmental grants and Bharti hoovering up the telecoms/data side of things. https://www.bollyinside.com/news/softbank-to-deploy-high-altitude-drone-and-satellite-internet-solutions-in-africaQuoteUnder the MoU, further feasibility and demand studies will be conducted in the five African countries that have already expressed interest in the bulk capacity purchase: Djibouti, Egypt, Kenya, Morocco, and Rwanda. SoftBank and Smart Africa will also draw up implementation plans and consider potential market entries in the future.SoftBank has invested in a number of non-terrestrial communications in recent years. As well as owning HAPSMobile, the company has previously invested in OneWeb, Skylo, and Google’s now-defunct project Loon, as well as Aerostat company Altaeros. It first announced its NTN offering in June.
It's likely a countering move against China's GW constellation, with respect to China 's africa ambitions along with their belt road initiative. With a constellation already up, they get a first mover advantage in africa in the interim for cellular backhaul, something Starlink currently isn't actively interested in.
Quote from: Asteroza on 07/01/2021 12:47 amIt's likely a countering move against China's GW constellation, with respect to China 's africa ambitions along with their belt road initiative. With a constellation already up, they get a first mover advantage in africa in the interim for cellular backhaul, something Starlink currently isn't actively interested in.I noticed the other day Musk has come out and changed the business model, well it seems a change. He's now going with telcos for backhaul also.Seems to be justification that OneWeb's plan is working. Also, here's a nice interview with Bharti, just after doubling his stake. https://www.youtube.com/watch?v=Xs0hmWFR48A&feature=youtu.be
Wow, so Starlink is actively chasing telco customers now, rather than simply being available for them if they ask? That will be potentially unpleasant for OneWeb...