OneWeb says lack of debt financing is not slowing it down; 1st 10 satellites launch in February

by Peter B. de Selding

JAKARTA, Indonesia — The 900-satellite OneWeb global constellation of broadband satellites is broadly keeping to its schedule and has not been slowed by the lack of long-expected debt financing, OneWeb President Eric Belanger said.

Beranger, who did not confirm or deny industry estimates that OneWeb’s capital cost would reach $6 billion — up 20% from earlier estimates — said the company is also assuming it will have access to all the large national markets in the world.

Addressing the APSCC annual conference here, Beranger, who recently changed roles, stepping . . .

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