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OneWeb begins commercial service as Airtel invests additional $500m

2021-07-01 02:00:00| Total Telecom industry news

In March 2020, UK-based satellite broadband player OneWeb filed for bankruptcy, having failed to secure funding for their LEO satellite constellation, citing market turbulence related to the emerging coronavirus pandemic. In November, however, a miraculous turnaround was on the cards, with the UK government and Bharti Global, run by Indian billionaire Sunil Mittal, both committing $500 million to rescue the company from bankruptcy. By January 2021, more investment was flowing into the company…read more on TotalTele.com »

Tags: service additional commercial begins

India's Bharti invests $500m in UK space start-up OneWeb

2021-06-30 07:37:22| BBC News | Business | UK Edition

The cash injection comes after the British government and Bharti Global bailed out the company last year.

Tags: space startup 500m invests

Germany providing another 100M to subsidize private charging stations; 500M total

2021-05-05 10:55:35| Green Car Congress

Tags: total private germany providing

Open RAN gets boost as Koch takes $500m stake in Mavenir

2021-04-22 02:00:00| Total Telecom industry news

In a major vote of confidence for the future of Open RAN, US-based tech specialist Mavenir yesterday announced that KSP would be investing in a $500 million stake in the company. KSP, a subsidiary of Koch Investments Group, will be taking a minority stake in the company, with private equity firm Siris Capital Group maintaining majority ownership. The exact size of KSP’s minority stake remains unspecified, making it unclear exactly what valuation the investors give to the vendor…read more on TotalTele.com »

Tags: in open takes ran