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OneWeb Secures $550 Million In New Funding: Eutelsat To Take Significant Equity Stake In The Company - Eutelsat investment brings OneWeb to $1.9 billion in total financing - Secures 80% of total financing, as latest launch puts almost 30% of Gen 1 fleet in space - Collaboration with Geostationary (GEO) satellite operator offers new customer opportunities - Eutelsat joins U.K. Government, Bharti Global and SoftBank as key investors LONDON, April 27, 2021 /PRNewswire/ OneWeb, the global communications network powered from space, announces today that it has secured $550 million in funding from Eutelsat Communications (Euronext Paris: ETL), bringing OneWeb s total funding to $1.9 billion in fresh equity. This investment from one of the world s most experienced and largest global operators is a vote of confidence in OneWeb and underscores the arrival of Low Earth Orbit (LEO) satellites into mainstream long-term growth planning for major operators.

United kingdomCity ofUnited statesSunil bharti mittalPrnewswire onewebNeil mastersonKwasi kwartengBharti enterprisesEutelsat communications euronext parisEutelsat communicationsBharti globalEuronext parisLow earth orbitBharti mittalUnited kingdom governmentSecretary kwasi kwarteng