Hughes Network Systems is to invest US$50 million in the new OneWeb consortium led by the UK Government and Bharti Enterprise.
Earlier in 2020, Hughes became a worldwide distribution partner for OneWeb, and an investor, through its parent company EchoStar, and an ecosystem partner to OneWeb, helping to develop essential ground network technology for OneWeb’s LEO system.
Pradman Kaul, president, Hughes said: “This global consortium brings the right players together to fulfill the promise of the OneWeb constellation in deploying low-latency services for communities, enterprises, governments, airplanes and ships – complementing geostationary connectivity and ushering in the new era of multi-transport services that will serve growing bandwidth demand around the world. We look forward to doing our part in developing this groundbreaking technology and bringing those services to market.”
Consummation of the consortium is contingent upon execution and effectiveness of definitive agreements. Confirmation of OneWeb’s reorganisation is contingent on certain conditions established by the Bankruptcy Court.