UK Space Agency invests £18m in OneWeb

The UK Space Agency has invested £18 million in London-based firm OneWeb, which plans to use satellite connectivity to aid 5G technology communications. 

The global communication space network championed by OneWeb plans to deliver worldwide internet coverage claimed to be more affordable with faster speeds than ever before.  

The scheme is set to launch in seven days’ time with the first 10 satellites of 650 prepared to launch in the first round and more than 900 satellites to follow with ambitions to reach over 2,000 in the next two years.

OneWeb chief executive Adrian Steckel said: “Providing access to people everywhere has been the mission and vision of OneWeb since the very beginning.

“We will be able to realise this vision in part because of important partnerships like this one with the UK Space Agency, ESA and a range of other important partners including our European and Canadian partners.

“Thanks to this support, we will focus together on…