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Eutelsat completes OneWeb equity investment
by Staff Writers Paris, France (SPX) Sep 10, 2021
SPX
Eutelsat Communications confirms the closing of its $550m equity investment in OneWeb announced on April 27, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6% stake.
Rodolphe Belmer, Chief Executive Officer of Eutelsat, said: "We are delighted to close this investment in OneWeb, giving us a foothold in the Low Earth Orbit segment. We look forward to working in co-operation with OneWeb as its entry into operational service fast approaches, with almost 50% of the constellation now in orbit."
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Independent group formed to advance interoperability in satellite and ground system networks
Piscataway NJ (SPX) Sep 07, 2021
Leading companies and organizations in the space industry, including two major branches of the U.S. Department of Defense, have come together to form the Digital IF Interoperability (DIFI) Consortium, a non-profit industry group created to advance interoperability among space and ground system networks.
Formed under the auspices of The IEEE Industry Standards and Technology Organization (ISTO), an international federation of leading industry groups and consortia dedicated to the advancement of sta
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