According to its report, OneWeb will start to run their satellite internet in 2019 and use up to $500 million in cash to fund the business.
The company also announced the list of companies that funding for the project, including Coca Cola, Virgin, Qualcomm, and Airbus. If the project got success, it will provide high speed internet without cables around the world.
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For now, the project is under development and would be launched soon. There’s no further information about the project yet like prices, speeds and more.
We hope it will expand the broadband internet to all of the world with affordable prices and good enough speeds for multi-purposes.