OneWeb Secures "Largest Ever" Rocket Acquisition For Satellite Internet Launch

Mickeycaskill writes: Virgin, Airbus and Qualcomm-backed satellite Internet venture OneWeb has acquired 65 rockets and $500 million in funding to launch its satellites by 2019. OneWeb has partnered with Airbus to produce 900 microsatellites which will provide "affordable", fast, low-latency Internet to remote parts of the world and to ships, planes and oil rigs. It has also been suggested the network will be a cheaper way for mobile operators to expand coverage in rural areas. Other partners include Bharti Enterprises, Hughes Network Systems, Intelsat, Coca-Cola and Totalplay, all of whom have committed financial, technical or manufacturing support to the project.