Eutelsat OneWeb
Eutelsat OneWeb (legally Network Access Associates Ltd.) is a subsidiary of Eutelsat Group providing broadband satellite Internet services in low Earth orbit (LEO). The company is headquartered in London, and has offices in Virginia, US and a satellite manufacturing facility in Florida – Airbus OneWeb Satellites – that is a joint venture with Airbus Defence and Space.
Eutelsat OneWeb logo | |
Model of a 1st Generation OneWeb satellite | |
| Company type | Public |
|---|---|
| Industry | Satellite Internet access |
| Predecessor | WorldVu Satellites |
| Founded | 2012 |
| Founder | Greg Wyler |
| Headquarters | London, England, UK |
Area served | Worldwide |
Key people | Eva Berneke (CEO) |
| Owner |
|
Number of employees | ~600 (March 2022) |
| Parent | Eutelsat Group |
| Subsidiaries | Airbus OneWeb Satellites (50% owner) |
| Website | oneweb |
The company was founded by Greg Wyler in 2012 and 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%.
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".