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Founded by US entrepreneur Greg Wyle in 2012, OneWeb, then known as WorldVu was incorporated with the vision of providing “internet everywhere for everyone” via low Earth orbit satellites.
But why are we suddenly talking about it?
Well because Bharti Enterprises (the parent of Airtel), along with the British government last week said that it would invest c. $1bn in OneWeb, which filed for bankruptcy after its biggest backer, SoftBank Group, declined to provide fresh funding.
We have a look at this company, which seeks to provide “internet everywhere for everyone” via low Earth orbit satellites.
https://transfin.in/airtel-parent-bids-for-spacex-startlink-competitor-oneweb-future-of-internet
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