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Eutelsat OneWeb

Network Access Associates Ltd.
Company typePublic
IndustrySatellite Internet access
PredecessorWorldVu Satellites
Founded2012 (2012)
FounderGreg Wyler[1][2][3]
HeadquartersLondon, England, UK[4]
Area served
Worldwide
Key people
Eva Berneke (CEO)[5]
Number of employees
Increase ~600 (March 2022)
ParentEutelsat Group
SubsidiariesAirbus OneWeb Satellites (50% owner)
Websiteoneweb.net

Eutelsat OneWeb (legally Network Access Associates Ltd.) is a subsidiary of Eutelsat Group providing broadband satellite Internet services in low Earth orbit (LEO).[4][6] The company is headquartered in London, and has offices in Virginia, US[7] and a satellite manufacturing facility in Florida – Airbus OneWeb Satellites – that is a joint venture with Airbus Defence and Space.

The company was founded as "WorldVu" by Greg Wyler in 2012[1][2] and later as "OneWeb" launched its first 6 satellites in February 2019. It entered bankruptcy in March 2020 after failing to raise the required capital to complete the build and deployment of the remaining 90% of the network. The company emerged from the bankruptcy proceedings and reorganization in November 2020 with a new ownership group. As of 2021, Indian multinational company Bharti Global, France-based satellite service provider Eutelsat and the Government of the United Kingdom were the company's largest shareholders, while Japan's SoftBank retained an equity holding of 12%.[5][8]

On 28 September 2023, Eutelsat announced the completion of its merger with OneWeb and the creation of a new "Eutelsat Group" company, with subsidiaries "Eutelsat" and "Eutelsat OneWeb".[9][10]

  1. ^ a b "Podcast: The satellite boom that threatens to clog the skies". MIT Technology Review. Retrieved 4 May 2020.
  2. ^ a b "Soyuz launches 34 OneWeb satellites". SpaceNews. 21 March 2020. Retrieved 4 May 2020.
  3. ^ Cite error: The named reference ars-200330 was invoked but never defined (see the help page).
  4. ^ a b OneWeb (8 March 2018). "OneWeb Finalizes Executive Team Appointments Leading Up to the Launch of Global Constellation and Services". PR Newswire. Retrieved 22 April 2019.
  5. ^ a b Cite error: The named reference sn20201120 was invoked but never defined (see the help page).
  6. ^ "£18m for OneWeb satellite constellation to deliver global communications". UK Space Agency. 18 February 2019.
  7. ^ Yamazaki, Makiko (19 December 2016). "SoftBank to invest US$1 billion in U.S. venture OneWeb as part of US$50 billion pledge". Reuters. Retrieved 28 March 2020.
  8. ^ Cite error: The named reference sn-20210115 was invoked but never defined (see the help page).
  9. ^ "Eutelsat and OneWeb Combination Heralds New Era in Space Connectivity as World's First GEO-LEO Operator" (Press release). Paris. 28 September 2023. Retrieved 2 October 2023.
  10. ^ Browne, Ryan; Sheetz, Michael (29 September 2023). "Eutelsat and OneWeb combine to create European satellite giant as Musk's Starlink pressures sector". CNBC. Retrieved 2 October 2023.

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