OneWeb has raised $500 million from Bharti Enterprises and its current investors. With this investment Bharti will acquire a minority stake in the company as well as get a representation on its board of directors. OneWeb’s existing investors include AirBus, Hughes, CocaCola, Qualcomm and Virgin. OneWeb plans to provide high speed internet access via 648 satellites, which it plans to launch and make available to consumers by 2019. The company, formerly known as WorldVu, will provide small user terminals which will connect to these satellites and transmit internet to the surrounding areas through LTE, WiFi, 2G and 3G. According to the company, if a Bharti user walks near one of its terminals and there is no cell tower around, the phone will connect to its terminal and operate as normal, charging the user via operator billing. Other than this, the…
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