Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
OneWeb UK unit to buy 74% in OneWeb India Communications
UK-based Network Access Associates (NAA), a OneWeb Group company, is set to acquire up to 74% stake in OneWeb India Communications as the latter gears up to run gateways and enter the bandwidth leasing business before launching fast satellite broadband services in India next year. OneWeb India is fully owned by Nettle Infrastructure Investments, a Bharti Airtel unit. OneWeb India Communications, which recently applied for a global mobile personal communications by satellite services (GMPCS) permit to the Department of Telecommunications (DoT), is likely to lease a sizable chunk of its satellite bandwidth capacity to offer cellular backhaul connectivity services to Bharti Airtel and other telcos facing challenges in offering uninterrupted 4G coverage in India's rural and remote corners amid a paucity of mobile towers, terrestrial microwave links and fibre networks.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.