What is Eutelsat OneWeb?
Eutelsat OneWeb is dedicated to overcoming connectivity barriers that hinder economic and community development worldwide. Addressing the persistent digital divide, the company aims to provide reliable broadband access to underserved rural and hard-to-reach areas, where three billion people lack dependable terrestrial infrastructure. By offering high-speed internet, Eutelsat OneWeb enables essential digital participation in work, education, healthcare, and daily life, ensuring that more communities can benefit from the transformative power of digital connectivity.
How much funding has Eutelsat OneWeb raised?
Eutelsat OneWeb has raised a total of $3.3B across 5 funding rounds:
Series A
$500M
Multiple Rounds
$2.8B
Series A (2015): $500M with participation from Qualcomm, Bharti Enterprises, and Airbus Group Bank
Other Financing Round (2021): $1.4B led by Hughes Network Systems LLC. and Softbank Capital
Share Placement (2021): $550M supported by Eutelsat Communications
Private Equity (2021): $500M featuring Bharti Global
Private Equity (2021): $300M backed by Hanwha Group
Key Investors in Eutelsat OneWeb
Eutelsat Communications
Eutelsat Group, founded in 1977 and headquartered in Paris, France, is a global telecommunications company specializing in satellite-based services. The company provides a comprehensive range of solutions through four main business segments: Broadcast Services for direct-to-home broadcasting and digital television; Broadband Services offering internet access and streaming solutions; Telecoms and Data services including point-to-point connectivity; and Mobile and Maritime services for fleet management and communications. With operations spanning Europe, Asia, Africa, Middle East, and the Americas, Eutelsat maintains a strong global presence in the telecommunications industry. The company operates several branded services including Hot Bird, Ka-Sat, Fransat, Tooway, IP Easy, and Newsspotter, serving both business and consumer markets with satellite communication technology.
Hanwha Group
Hanwha Group's diverse business portfolio spans chemicals & materials, aerospace & mechatronics, solar energy, finance, and leisure & lifestyle. The conglomerate focuses on sustainable, quality growth through the integration of its global affiliate enterprises, aiming to consistently enhance customer value.
Bharti Global
Bharti Global is an entity associated with Bharti Enterprises, an international conglomerate with significant interests in telecommunications, insurance, and food sectors, headquartered in New Delhi, India.
What's next for Eutelsat OneWeb?
The recent major strategic investment signifies a critical phase for Eutelsat OneWeb, likely enabling the company to scale its satellite constellation and expand its global service footprint. This infusion of capital is expected to bolster its efforts in providing affordable, high-speed broadband to regions previously lacking adequate connectivity. Strategic partnerships and technological advancements will be key as Eutelsat OneWeb aims to solidify its position as a leader in global satellite internet solutions, further democratizing access to digital resources.
See full Eutelsat OneWeb company page
