Big Law

OneWeb and Eutelsat’s $3.4 Billion Merger Take on Starlink

Satellite companies OneWeb and Eutelsat have agreed to a $3.4 billion merger to create a player in global internet connections that competes with SpaceX’s Starlink and Amazon’s Kuiper. Combined, the two companies say they will tie together low Earth orbit satellites that offer faster connections with less lag and geostationary satellites that have more capacity and cover wider areas, with OneWeb continuing to operate as its own brand under Eutelsat.

France-based Eutelsat provides television and internet via 36 satellites in geostationary orbits around the Earth’s equator. OneWeb, which launched its first internet-broadcasting satellites in early 2019, currently has about 428 satellites in orbit out of the 648 it plans to have as part of its constellation and has so far cut deals focusing on acting as a provider for governments and other businesses like AT&T.

Read the source article at The Verge

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