OneWeb completes TrustComm acquisition
On September 21, UK-based OneWeb announced that it has completed its acquisition of Texas-based TrustComm Inc., a provider of managed satellite communications and professional services to commercial and governments organizations. OneWeb announced the planned acquisition of TrustComm in May 2021 and received all necessary regulatory approvals enabling the transaction to close.
Following the completion of this transaction, TrustComm will become known as OneWeb Technologies Inc, a wholly owned subsidiary of OneWeb.
Under the terms of a Proxy Agreement with the United States Government, OneWeb Technologies will be tasked with providing governments of the “Five Eyes” alliance (U.S., U.K. Canada, Australia, and New Zealand); NATO; the U.N. and other strategic partners with global, next-generation, satellite connectivity. Led by former TrustComm CEO Bob Roe, OneWeb Technologies will be focused on meeting the complex needs of government customers.
High-throughput, low-latency communications capacity in underserved and denied environments has long been an issue for the military and others, and OneWeb’s network is poised to address those challenges with security at the heart of its end-to-end managed services offerings.
“We look forward to taking our relationship with government customers as a trusted partner and operator of secure, resilient satellite communications to a new level,” said Roe. “By joining OneWeb, OneWeb Technologies is positioned to serve clients, existing and new, who are seeking faster network speeds, lower latency, more compact multi-orbit user terminals and built-in network management tools with security at all levels of the architecture.”
Neil Masterson, CEO of OneWeb, said, “Closing this deal represents an incredible opportunity for OneWeb to take the security first, high-performance, low-latency service we will deliver to the enterprise and make it available to meet government users’ needs. We are thrilled to welcome OneWeb Technologies to the family – an organization with a proven track record of serving complex, integrated user requirements of government users. We look forward to making OneWeb’s network available as a vital tool to help advance government priorities.”
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