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Space News: Eutelsat buys a quarter of OneWeb to get a LEO broadband growth engine

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by Jason Rainbow TAMPA, Fla. — French satellite operator Eutelsat is paying $550 million to buy part of OneWeb, the startup deploying a broadband network in low Earth orbit. The company is buying a 24% stake to give it similar governance rights to the British government and Indian telecom company Bharti Global, which bought OneWeb out of bankruptcy last year. Part of the investment will be funded by the $507 million that Eutelsat is getting from clearing C-band spectrum in the U.S. for terrestrial 5G networks. The Paris-based company operates a fleet of geostationary (GEO) satellites, but has been dipping its toes into LEO with a constellation called Eutelsat ELO, targeting the market for connecting Internet of Things (IoT) devices.  The first nanosatellite for this network, ELO Alpha, is slated to launch April 20 on a Vega rocket that is delayed following a launch failure in November. Buying a part of OneWeb’s LEO broadband constellation is a major strategy shift for Eut...

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