Iridium Communications and OneWeb announced on Tuesday that the two companies have entered into a Memorandum of Understanding (MoU) to work together toward a combined service offering.
The offering would be designed to make it easier for their mutual partners to offer unique bundling and co-marketing opportunities for the Iridium Certus L-band services and OneWeb's Ku-band service. It would also leverage the strengths of their respective low-Earth-orbit (LEO) networks. It’s the first time that LEO operators have collaborated to deliver services in L-band and Ku-band.
"It's an exciting time for the industry, and we see great potential for this offering," said Matt Desch, CEO of Iridium and 2019 Wash100 Award recipient. "Our services are unique and complementary, and we know that customers are looking for the capabilities of both our low-Earth-orbiting networks."
The announcement was first made at Iridium's 2019 partner conference in Coronado, California, attended annually by hundreds of Iridium partner companies.
About Iridium Communications Inc.
Iridium is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications.
The company has recently completed its next-generation satellite network and launched its new specialty broadband service, Iridium Certus®. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM.
OneWeb's mission is to enable Internet access for everyone, everywhere. OneWeb is building a communications network with a constellation of Low Earth Orbit satellites that will provide connectivity to people around the world. OneWeb is creating business solutions for Broadband, Government and Cellular Backhaul. Its high-speed, low-latency, network will offer game-changing Mobility solutions to industries that rely on global connectivity, such as Aviation, Maritime, Automotive, Enterprise and more.