Form 485BPOS Fidelity Commonwealth
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Bilder in Bewegung: Serapionstheater zeigt „Koom Posh | Tiroler Tageszeitung Online – Nachrichten von jetzt!
tt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tt.com Daily Mail and Mail on Sunday newspapers.
Date Time
Share
HSF advises OneWeb on investments from Eutelsat, bringing OneWeb’s total funding to US$1.9 billion
Leading global law firm Herbert Smith Freehills has advised Bharti Global and the UK Government (through the Secretary of State for Business, Energy and Industrial Strategy) on a US$550m investment in OneWeb from Eutelsat, a listed French satellite and telecommunications company, bringing OneWeb’s total funding to just under US$2 billion.
The capital raised to date positions OneWeb to be fully funded for its first-generation satellite fleet, totalling 648 satellites, by the end of 2022.
In November 2020, Bharti Global and the UK Government completed its acquisition of OneWeb and invested US$1 billion of new equity to offer broadband connectivity services, via a constellation of 650 Low Earth Orbit satellites. OneWeb launched a further 36 new satellites, built at its Airbus Joint Venture assembly plant in Florida, USA, bringing its total fleet to 182 satellites.