Skip to content
Search

Latest Stories

Submit Guest Post

OneWeb collaborates with ISRO to launch satellites

ONEWEB, the low earth orbit satellite communications company, has collaborated with the Indian Space Research Organisation (ISRO) to complete its satellite launch programme.

The London-based company was forced to look for alternatives after it broke with Russian space agency Roscosmos in March this year as Moscow invaded Ukraine. But it later announced that it entered into an agreement with SpaceX to resume satellite launches.

OneWeb’s launch contract with ISRO’s commercial arm New Space India Limited supplements its agreement with the American firm founded by billionaire Elon Musk.

Indian conglomerate Bharti Global is the largest shareholder in OneWeb in which the UK government also holds a stake.

Its first launch with New Space India is expected in 2022 from the Satish Dhawan Space Centre in Sriharikota.

According to the company, the launches will add to its total in-orbit constellation of 428 satellites, 66 per cent of the planned fleet, to build a global network that will deliver high-speed, low-latency connectivity.

Its executive chairman Sunil Bharti Mittal said, “This is yet another historic day for collaboration in space, thanks to the shared ambition and vision of New Space India and OneWeb. This most recent agreement on launch plans adds considerable momentum to the development of OneWeb’s network, as we work together across the space industry toward our common goal of connecting communities globally."

OneWeb has already activated service with its network “at the 50th parallel and above”, as demand for the company’s broadband connectivity services continues to grow from multiple sectors and markets, it said in a statement on Wednesday (20).

However, it said other terms of the agreement with New Space India are confidential.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Leonid Radvinsky

OnlyFans has grown into one of the most profitable companies in Britain, despite employing just 47 people

Leonid Radvinsky

OnlyFans made £513m in dividends for its owner before he died, here's the full picture

  • OnlyFans owner Leonid Radvinsky received dividends worth more than £513m (over $700m) before his death in March at the age of 43.
  • The company made $714m in profit before tax last year, a rise of 5 per cent from 2024, despite employing only 47 people.
  • OnlyFans has paid over $30 billion to creators since launch, according to chief executive Keily Blair.

The man behind OnlyFans was paid an extraordinary sum in dividends in the months leading up to his death from cancer earlier this year, newly published company accounts show. Fenix International Ltd, the British company that owns the streaming platform, paid its late owner Leonid Radvinsky more than £513m (around $700m) before he died in March.

According to Fenix International's annual report, the company made $714m in profit before tax last year, up 5 per cent from 2024. What makes the figure especially striking is the size of the company behind it. OnlyFans employs just 47 people, a staggeringly small workforce for a business generating that kind of profit. For comparison, Marks and Spencer, which employs more than 65,000 people, made £671m in profit last year, roughly in the same ballpark as OnlyFans despite a workforce thousands of times larger.

Keep ReadingShow less