Gogo reported its first quarterly profit in history on record service revenues in Q3 2021. And the company is not slowing down. Executives continue to push the potential for future growth opportunities, both terrestrial and satellite-based, while also still talking down competitive inroads.
OneWeb
Eutelsat boosts OneWeb stake
Eutelsat invested an additional $165 million in OneWeb during the latest funding round. The move boosts its share form 17.6% to 22.9%, making it the second largest shareholder, after Bharti.
OneWeb secures antenna, investment with Hanwha Systems
Each of OneWeb’s post-bankruptcy investors plays a strategic role in the company’s future. Last week’s news of a new partner keeps that streak alive, as Korea’s Hanwha Systems added $300 million to the company’s coffers.
Perhaps more importantly, however, Hanwha can provide a critical component of the company’s technical roadmap. Expect to see electronically steered antenna (ESA) solutions delivered from Hanwha to power the OneWeb customer terminals.
OneWeb now fully funded with additional $500 million from Bharti
Bharti Global will up its stake in OneWeb, adding another $500 million to bring the satellite company to a fully funded state with $2.4 billion infused since the emergence from bankruptcy.
The low-down on LEO IFC options
It should come as no surprise that a trio of Low Earth Orbit (LEO) satellite operators believe more than 90% of in-flight connectivity traffic will pass over their networks in a decade’s time. Still, hearing how SpaceX, OneWeb and Telesat believe their upcoming constellations will compete for traffic during this week’s Connected Aviation Intelligence Summit reveals slightly different takes on the market and what they believe will be necessary to secure customers going forward.
OneWeb buys TrustComm, access to the US government market
LEO satellite operator OneWeb announced plans to acquire Texas-based TrustComm Inc., enabling it to offer Low Earth Orbit network and connectivity services to U.S. government clients and TrustComm customers.
Viasat closes on KA-SAT buy-out
Viasat now owns 100% of the KA-SAT satellite providing service over Europe. The company closed today on its purchase of Euro Broadband Infrastructure Sàrl (“EBI”), the wholesale broadband services business created as part of Viasat’s former partnering arrangement with Eutelsat Communications.
Eutelsat makes major LEO commitment with OneWeb investment
The OneWeb constellation moved significantly closer to completion this week, with a successful launch and a $550 million investment secured from Eutelsat.
De-risking IFC with OneWeb’s new JetTalk terminal
Chapter 11 is disappearing quickly from the rear view mirror. Satellite launches resumed and the constellation continues to grow. And earlier this month a new deal regarding an in-flight connectivity terminal and antenna solution helped buoy the company’s position further. To say that OneWeb is on a roll lately might be a massive understatement.
OneWeb shrinks constellation plans, expands funding
OneWeb scaled back its next generation constellation plans while also announcing hundreds of millions of dollars in additional funding that helps the company move closer to placing the initial 648 satellites into service.