37% rural youth sans Internet access: Study
With an aim to enable affordable broadband for rural and underdeveloped locations in India, the country’s business conglomerate Bharti has acquired a minority stake in OneWeb, which plans to offer communication services using satellites by 2019.
“The dream of fully bridging the digital divide is on track to be a reality in 2019,” said Greg Wyler, founder of OneWeb.
Found in 2012, OneWeb has raised $500 million of funding from a group of leading international companies like Airbus Group, Bharti Enterprises, Hughes Network Systems, (Hughes), a subsidiary of EchoStar Corp., Intelsat, Qualcomm Incorporated, The Coca-Cola Company, the Virgin Group, and Totalplay, a Grupo Salinas Company which is owned by Ricardo B. Salinas.
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