Bharti is set to invest an additional $500 million in OneWeb, the leading Low Earth Orbit (LEO) satellite communications company.
OneWeb’s total funding reached $2.4 billion.
Today’s announcement comes as OneWeb prepares for its eighth launch on 1st July.
The Call Option is expected to be completed in the second half of 2021, subject to regulatory approvals. On completion of the Call Option and with Eutelsat’s $550 million investment, Bharti will hold 38.6 percent stake. The UK Government, Eutelsat and Softbank will each own 19.3 percent.
