Hello, Guest!

Hughes Invests $50M in Consortium to Acquire OneWeb; Pradman Kaul Quoted

2 mins read
Pradman Kaul
Pradman Kaul

Hughes Network Systems will participate in the winning consortium that will acquire OneWeb, the Low Earth Orbit (LEO) satellite operator, out of bankruptcy by investing $50 million in principle, the company reported on Monday

"Our continuing and strengthened involvement with OneWeb extends naturally from our position as a leading geostationary satellite operator and ground network innovator, along with a meaningful partnership with Bharti and longstanding relationship with the U.K. through our business operations in both countries," said Pradman Kaul, president, Hughes. 

Hughes will continue as a trusted technology and distribution partner to OneWeb. Through its Hughes Europe division and sister company EchoStar Mobile Limited, Hughes has worked closely with the U.K. Government. 

"This global consortium brings the right players together to fulfill the promise of the OneWeb constellation in deploying low-latency services for communities, enterprises, governments, airplanes and ships… that will serve growing bandwidth demand around the world,” added Kaul. 

Hughes Communications India Ltd, (HCIL) and Bharti Airtel Limited, a leading Indian telecom provider, will combine their satellite broadband operations in India. The merger, announced in 2019, is expected to bring greater scale, operational efficiencies and market reach to deliver solutions for enterprise and government networks.

“We look forward to doing our part in developing this groundbreaking technology and bringing those services to market," Kaul concluded.

About Hughes Network Systems

Hughes Network Systems, LLC (HUGHES) is the global leader in broadband satellite technology and services for home and office. Its flagship high-speed satellite Internet service is HughesNet®, the world's largest satellite network with over 1.5 million residential and business customers across the Americas. 

For large enterprises and governments, the company's HughesON™ managed network services provide complete connectivity solutions employing an optimized mix of satellite and terrestrial technologies.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Acquisition & Procurement