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OneWeb still expects to launch its Low Earth Orbit satellite-based inflight connectivity service in 2023, though later in the year than previously pla...
Brexit Britain was kicked out of the EU’s Global Navigation Satellite System (GNSS) after cutting ties with the bloc. Civil servants and industry insiders have pushed for the Government to revive talks on rejoining – and the EU appeared to open the door to talks. In June, Timo Pesonen, the European Commission’s Director General for […]
South Korean manufacturing and technology company Hanwha has joined OneWeb’s ownership consortium with a $300 million investment for an 8% share in the company. This investment brings OneWeb's total equity investment since November 2020 to $2.7 billion with no debt. Hanwha joins a global lineup of OneWeb investors
UK satellite firm OneWeb has bagged a $300m investment from one of South Korea’s largest business groups.
Hanwha Systems to launch $1.1 bn rights issue in June Two other Hanwha units as top shareholders to apply for extra issues Jin-seong Kim 2 HOURS AGO Hanwha Systems' Butterfly, a personal air vehicle under development with Overair, a US air taxi startup Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Group, is set to launch a rights offering next month to raise around 1.2 trillion won ($1.1 billion) as the company is looking for new M&A targets and boosting R&D spending. On May ...