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OneWeb receives major investment from Eutelsat

BBC News image captionArtwork: Ultimately, OneWeb could send up about 7,000 satellites London-based OneWeb, which is building a satellite constellation to deliver internet connections, has received a major investment from Eutelsat. The Paris-based company is putting $550m (£400m) into OneWeb, for a 24% equity stake. This will be seen as a big vote of confidence in the OneWeb project. Eutelsat is one of the top three satellite-telecommunications operators for fixed services , such as direct-to-home TV, phone and data connections. OneWeb was bought out of bankruptcy last year by the British government and Indian conglomerate Bharti Global, with which Eutelsat will now share similar governance rights.

27Apr2021 Market Close: Wall Street Closes Flat To Slightly Lower Ahead Of Deluge Of Tech Earnings, DOW Up 3 Points (three), Nasdaq Down 0 3%, SP 500 And Nasdaq Both Unable To Penetrate Solid Resistance

Crypto was higher on the day (as was the dollar and commodities) but for big-tech stocks, bonds, and bullion it was sell, Mortimer, sell . The cash open sparked chaos in Small Caps and a dump in big-tech stocks. Small Caps were puked after the European close. S&P and the Dow manage to scramble back into the green (dumping into the red in the last 5 seconds), Small Caps were best and Big-Tech Nasdaq 100 the biggest loser. Here s the chaos at the cash open in Small Caps. Days after Apple announced plans to launch its first subscription podcasting platform, Spotify - after making a splash last year when it recruited Joe Rogan, Kim Kardashian and a handful of other big name stars to its podcasting platform - is planning a similar paid platform that will charge creators a much smaller slice of revenues.

Eutelsat invests $550M into OneWeb

Eutelsat invests $550M into OneWeb
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OneWeb Secures $550 Million In New Funding: Eutelsat To Take Significant Equity Stake In The Company

OneWeb Secures $550 Million In New Funding: Eutelsat To Take Significant Equity Stake In The Company
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

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