Oneweb in talks to play role in new navigation system to rival GPS
Oneweb is racing Elon Musk s SpaceX to roll out satellite internet networks
The government-backed satellite network Oneweb is reportedly in talks to build a UK navigation system in a bid to rival GPS.
UK space officials are currently reviewing options for investment in position, navigation and timing (PNT) technology. The UK was forced out of the European Galileo satellite programme during Brexit negotiations so a new programme would help reduce UK dependence on America and the EU.
The Government had started work on building an alternative to Galileo and GPS last year but it was scrapped amid mounting concerns over costs of up to £5bn.
EchoStar Corporation Announces Conference Call For First Quarter 2021 Financial Results
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ENGLEWOOD, Colo., April 30, 2021 /PRNewswire/ EchoStar Corporation (NASDAQ: SATS) will host a conference call to discuss its first quarter 2021 financial results on Thursday, May 6, at 11:00 a.m. Eastern Time. The conference call will be broadcast live in listen-only mode on EchoStar s investor relations website at EchoStar Investor Relations. To ask a question, the dial in numbers for the conference call are 1-833-562-0124 (US) and 661-567-1102 (International), Conference ID 1976218.
The webcast of the call will be available on the EchoStar investor relations website for approximately one month, two hours following the conference call. A telephonic replay of the conference call will be available from 2:00 p.m. Eastern Time on Thursday, May 6 until 2:00 p.m. Eastern Time on Saturday, May 8. To access the replay,
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Eutelsat Communications infuses $550m in OneWeb
Image from OneWeb s website
April 28, 2021
Paris-based Eutelsat Communications has invested $550 million in OneWeb, a broadband satellite communications company acquired by a consortium of investors comprising the UK government and Sunil Mittal-led Bharti Global. The investment will take total funding in OneWeb to $1.9 billion.
In January, Japan’s SoftBank Group and Hughes Network Systems LLC had invested $400 million in OneWeb. The UK government and Bharti Global invested $500 million each to acquire OneWeb under a bankruptcy resolution process.
“This investment from one of the world’s most experienced and largest global operators is a vote of confidence in OneWeb and underscores the arrival of low-earth orbit (Leo) satellites into mainstream long-term growth planning for major operators,” the company said in a statement on Tuesday.
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