OneWeb will acquire Texas-based managed satellite communications company
TrustComm, under the terms of a definitive agreement announced by the two companies on Monday. The Low-Earth Orbit (LEO) constellation operator said that the purpose of the acquisition was to open up channels to provide services to TrustComm’s U.S. government and enterprise clients.
Financial details of the transaction have yet to be revealed, but both parties expect to close the acquisition this year. Once completed, OneWeb said it would transform TrustComm into a proxy subsidiary, which would continue to be led by TrustComm’s current CEO Bob Roe.
The acquisition builds on an MoU the two companies signed just this past March, which named TrustComm as OneWeb’s U.S. government LEO services distribution partner. That same month, OneWeb successfully demonstrated turnkey satellite-based communications system to the DoD.