The French company is set to merge with the satellite firm pulled from bankruptcy by the UK government.
Commentators say the merger makes sense for both parties.
For OneWeb, it will benefit from having the cash-raising potential of its elder sibling. The London outfit will need money to continually update and expand its LEO constellation. "Two-thirds of the fleet is already deployed. And right now most of the satellites required to complete the constellation are actually manufactured," explained OneWeb chief executive Neil Masterson.
OneWeb has been frustrated in its efforts to roll out the Gen One satellites following its loss of access to Russian Soyuz rockets.
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