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OneWeb, SoftBank, Hughes and Lumentech have announced a joint venture to build a global broadband network. The new venture, called OneWeb, will use a combination of satellite and ground-based technologies to deliver high-speed broadband services to consumers and businesses around the world.
OneWeb is backed by SoftBank, which has committed to invest $1 billion in the venture. Hughes is a global leader in satellite technology and services, and Lumentech specializes in leveraging ground-based networks to provide broadband services.
OneWeb’s goal is to deliver high-speed internet access to billions of people around the world who do not currently have access to this valuable service. The company will use a hybrid system that combines satellite technology with ground-based networks, enabling it to provide high-speed broadband coverage in remote and rural areas.
According to the company, the total cost of the project is expected to exceed $5 billion. The venture is also backed by Qualcomm, Airbus, and other leading technology companies.
OneWeb will use a network of low-earth orbit satellites that will provide high-speed internet access in areas where traditional broadband infrastructure is not available. The company is also developing ground-based networks that will provide coverage in urban areas.
The joint venture will be based in London and will be led by Neil Masterson, the former CEO of SoftBank Group International. The company plans to launch its first satellites into orbit in 2019 and will have initial commercial service available in 2021.
OneWeb’s high-speed broadband network will enable users to access the internet at speeds up to 1 Gbps. This is significantly faster than the speeds currently available in many parts of the world. This will enable people in rural and remote areas to access the same internet speeds as those in urban areas.
The joint venture is an ambitious project and will require substantial investments from all of its partners. However, the venture is expected to have a significant impact on global internet access and will create new opportunities for businesses and consumers around the world.
FAQ
Q: What is OneWeb?
A: OneWeb is a joint venture between SoftBank, Hughes, and Lumentech to build a global broadband network. The network will use a combination of satellite and ground-based technologies to deliver high-speed broadband services to consumers and businesses around the world.
Q: Who is investing in OneWeb?
A: SoftBank has committed to invest $1 billion in the venture. Hughes is a global leader in satellite technology and services, and Lumentech specializes in leveraging ground-based networks to provide broadband services. Qualcomm, Airbus, and other leading technology companies are also investing in the venture.
Q: Where will OneWeb be based?
A: The joint venture will be based in London and will be led by Neil Masterson, the former CEO of SoftBank Group International.
Q: When will OneWeb launch?
A: OneWeb plans to launch its first satellites into orbit in 2019 and will have initial commercial service available in 2021.
Q: What speeds will OneWeb offer?
A: OneWeb’s high-speed broadband network will enable users to access the internet at speeds up to 1 Gbps. This is significantly faster than the speeds currently available in many parts of the world.
Conclusion
In conclusion, OneWeb is an innovative joint venture between SoftBank, Hughes, and Lumentech that promises to deliver high-speed broadband services to consumers and businesses around the world. Backed by major technology companies and with an ambitious plan to launch its first satellites into orbit in 2019, the venture is expected to have a major impact on global internet access and create new opportunities for businesses and consumers.
