OneWeb has joined the gold fever of satellite internet

OneWeb resumed launching, launching 36 new low-Earth communications satellites in a new launch from the Vostochny space base in eastern Russia on Friday. These telecommunications satellites are set to join a cluster of satellites that previously had 74 satellites in orbit. After the bankruptcy, Vanub was acquired by the Indian cluster Bharti Enterprise and the UK government.

The Soyuz rocket left the Vostochny space base at 21:26 local time (12:36 GMT) during an operation by Ariana Space (a company that provides space launches). It took about 4 hours for all 36 telecommunications satellites, each the size of a washing machine, to reach Earth. After launching the satellites into Earth orbit, Vanoeb confirmed in a Twitter post that it had received signals from all 36 signal satellites and that the mission had been a complete success.

The most recent launch was the fourth launch of Vanub and the third in 2020, with the long-term goal of providing “Internet for all, everywhere and anytime”. The satellite Internet provider, with the satellites it launched into Earth orbit on Friday, increased its total operational telecommunications satellites to 110 satellites. OneWeb plans to place larger systems, including small telecommunications satellites, in low-Earth orbit to provide Internet access.

To accomplish this and launch 650 satellite supersystems and build satellite internet infrastructure, Vanoob needs to increase its budget by approximately $ 2.5 billion. The budget for the entire project is estimated at $ 5.5 billion to $ 7 billion. The new CEO of the company had expressed hope in his latest statement on this issue. Half of this budget will probably be provided by the two main owners of Vanub and the other half by attracting investors. “Fortunately, Vanub has spent a lot of money in the first phase,” Sanil Bharti Mittal, founder and chairman of Bharti Enterprise, told a December 19 meeting of the International Telecommunication Union. [در فاز اول] “A lot of money is spent on booking launches and building satellites.”

Bharti Clusters Enterprise is one of the largest buyers of Vanub. Mittal says Bharti Enterprise has invested more than $ 12 billion in other projects over the past 18 to 24 months, so no more investment is possible for Vanub. Under the new ownership agreement, Bharti Enterprise and the UK government will each own 42.2% of the company, with the rest owned by Softbank and Hughes.

Vanoob also announced that the new CEO of the company will be Neil Masterson, who recently finished 20 years at Thomson Reuters. Masterson’s last position in the mass media giant was as CEO. Masterson replaced Adrian Steckel as CEO.

Only a few days after launching several telecommunications satellites into orbit, Vanoob formally filed for bankruptcy in Chapter 11. According to media reports at the time, the reason for the bankruptcy of Softbank, the largest investor in Vanub, was that it did not inject more funding.

“Our current situation is the result of an impact,” said Steckel, Vanoob’s then-CEO, at the time, referring to the sudden recession that engulfed the world just weeks before it was declared bankrupt. [رکود اقتصادی ناشی از] The corona crisis. “At the same time, we will continue to uphold the social and economic value of our mission, which is to reach out to everyone everywhere.”

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