{"id":28104,"date":"2021-08-12T07:18:44","date_gmt":"2021-08-12T06:18:44","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=28104"},"modified":"2021-08-12T07:18:44","modified_gmt":"2021-08-12T06:18:44","slug":"oneweb-uk-satellites-get-gbp216m-funding-boost-from-hanwha","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2021\/08\/oneweb-uk-satellites-get-gbp216m-funding-boost-from-hanwha.html","title":{"rendered":"OneWeb UK Satellites Get GBP216m Funding Boost from Hanwha"},"content":{"rendered":"<p><a href=\"https:\/\/www.oneweb.world\/\" target=\"_blank\" rel=\"noopener\">OneWeb<\/a>, which is partly owned by the UK Government, Bharti Global, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/eutelsat\" target=\"_blank\">Eutelsat<\/a> and Softbank, has today secured a $300m (\u00a3216) equity investment boost from South Korea&#8217;s Hanwha Systems to help further develop their large constellation of Low Earth Orbit (LEO) satellites for ultrafast low-latency broadband provision.<!--more--><\/p>\n<p>At present <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/oneweb\" target=\"_blank\">OneWeb<\/a> has launched a total of 254 small c.150kg <strong>Low Earth Orbit<\/strong> (LEO) satellites into space and their initial plan is to build a constellation of <strong>648 satellites<\/strong>, which is enough for a reasonable level of global coverage by around the end of 2022. The main focus being on business, maritime and government connectivity, although a recent deal with UK ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/britishtelecom\" rel=\"nofollow\" target=\"_blank\">BT<\/a> could also see it being used to support rural broadband and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/5g\">5G<\/a> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2021\/06\/bt-sign-oneweb-deal-to-tackle-uk-rural-broadband-slow-spots.html\">here<\/a>).<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> Today&#8217;s announcement means that the operator now has a total funding pile of $2.7bn (\u00a31.95bn).<\/div>\n<p>The additional investment from <strong>Hanwha Systems<\/strong>, which gives them a smaller 8.8% share of the company, is thus more focused on what comes after the first 648 LEOs. We already know that the operator has future approval for a total of 2,000 satellites and 1,280 of those would be a second-generation model that could sit in a higher <strong>Medium Earth Orbit<\/strong> (MEO) of 8,500km &#8211; possibly with some GPS style features.<\/p>\n<p><a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/oneweb\" target=\"_blank\">OneWeb<\/a> has also previously announced that they intend to develop an experimental <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/satellite\">satellite<\/a> &#8211; <strong>Joey-Sat<\/strong> &#8211; to test some of their next generation technologies (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2021\/05\/oneweb-uk-team-to-build-beam-hopping-broadband-satellite.html\">here<\/a>), which is due for launch sometime in 2022. According to the announcement, Hanwha will bring further defence capabilities and the latest antenna technologies to <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/oneweb\" target=\"_blank\">OneWeb<\/a>, alongside relationships to new government customers and expanded geographical reach.<\/p>\n<blockquote class=\"bq1\"><p><strong>Neil Masterson, CEO at OneWeb, said:<\/strong><\/p>\n<p>&#8220;Hanwha brings advanced defence and antenna technology development to the OneWeb line-up. We are all delighted that they have chosen to join us on this journey of innovation, shaping a global service to connect the most remote locations and to provide a critical digital pathway from space to our interconnected world.&#8221;<\/p><\/blockquote>\n<blockquote class=\"bq1\"><p><strong>Kwasi Kwarteng, UK Business Secretary, said:<\/strong><\/p>\n<p>&#8220;Today\u2019s $300m investment in OneWeb by Hanwha is the latest in a series of votes of confidence in the company from the market. It\u2019s clear that leading global investors see a promising future for this ground-breaking company and a robust commercial case for investment.<\/p>\n<p>The Government\u2019s equity stake in OneWeb not only allows the UK to capitalise on our first-mover advantage to deploy low Earth orbit technology but will put our country at the forefront of the small <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/satellite\">satellite<\/a> market, which is set to rapidly expand over the years ahead.&#8221;<\/p><\/blockquote>\n<p>OneWeb&#8217;s first initial commercial (beta) services are predicted to go live across parts of the United Kingdom, Alaska, Canada, Northern Europe, Greenland, Iceland, and the Arctic seas in November 2021 (i.e. from 50th parallel and above). In theory, this could offer ultrafast broadband speeds of 100Mbps+ and fast latency times of 40ms or less to end-users.<\/p>\n<p>However, the company is some way behind SpaceX&#8217;s rival <strong><a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/starlink\" target=\"_blank\">Starlink<\/a><\/strong> network, which unlike OneWeb is able to directly serve end-consumers. But both operators also face the same challenge, which is to prove that they can turn a huge constellation of compact LEO broadband satellites into a viable commercial business. Achieving that will take time and is not guaranteed, particularly with so much competition in the same.. space.<\/p>\n<p>OneWeb is due to launch a further batch of 36 LEOs sometime this month from Baikonur, Kazakhstan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OneWeb, which is partly owned by the UK Government, Bharti Global, Eutelsat and Softbank, has today secured a $300m (\u00a3216) equity investment boost from South Korea&#8217;s Hanwha Systems to help further develop their large constellation of Low Earth Orbit (LEO) satellites for ultrafast low-latency broadband provision.<\/p>\n","protected":false},"author":1,"featured_media":22897,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,77],"class_list":["post-28104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-satellite"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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