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The company anticipates annual revenues of circa $1 billion within three to five years following the full deployment of the constellation, with a partnership approach and profitable wholesale business model.Įutelsat’s investment will come with similar governance rights to the UK Government and Bharti, including board representation. Plans also include a second-generation constellation that will provide significant enhancements in terms of capacity, flexibility and economics. Read More: OneWeb shrinks constellation plans, expands funding But as far as we’re concerned, LEO-only is more than capable, much more capacity and capability that anyone will ever need. We see it as a way of diluting that risk from perspective and easing our way into the market. But we see as a fairly nice way to ease into the market for those people who are used to, and dependent on, having a level of GEO service, even if it’s kind of sub optimal… We still see an element of LEO/GEO interoperation whereby certain applications can be used on GEO or GEO could be there as a fallback.”Į certainly see that that LEO will take over, over a period of time even and even in the LEO/MEO environment. Ben Griffin, OneWeb’s VP Mobility, highlighted the value of that offering for customers last month, suggesting, “in the early years we’re going to try and defuse some of that perceived risk, even though we don’t see it as a risk. Building the LEO/GEO hybridĬombining that coverage with access to a solid GEO satellite portfolio allows the company to transition otherwise hesitant customers into the LEO offering. The company expects to deliver full coverage north of 50 degrees latitude later this year, before growing to a global footprint at the end of 2022. The OneWeb constellation aims to deliver 1.1 Tbps of capacity when fully online, addressing the government, fixed data, and mobility markets. OneWeb’s ability to address multiple applications requiring low latency and ubiquity will also allow both companies to explore GEO/LEO configurations for future service integrations and packages. The pair can take advantage of Eutelsat’s established commercial reach to governments and enterprise customers in addition to its strong institutional relationships, recognized technical expertise and global fleet. Its partnership with Eutelsat, a global geostationary satellite operator, will enhance both companies’ commercial potential. OneWeb’s 648 LEO satellite fleet will deliver high-speed, low-latency global connectivity. Similarly, Eutelsat CEO Rodolphe Belmer is optimistic about the “substantial opportunity represented by the non-geostationary segment within our industry.” Belmer continues, “OneWeb will become our main growth engine outside our broadcast and broadband applications, as we continue to maximize cash-flow extraction from our highly profitable heritage business and grow our fixed broadband vertical leveraging our geostationary assets.” Read More: De-risking IFC with OneWeb’s new JetTalk terminal OneWeb CEO Neil Masterson sees Eutelsat as a great partner “thanks to our high level of complementarity in terms of technology, assets, addressable markets, geographic reach and institutional relationships.” With the investment OneWeb secures a stake approximately the same as that of the UK Government and Bharti, the two entities that combined to bring the operation out of bankruptcy in late 2020.