Intelsat and OneWeb Continue Collaboration on Hybrid GEO and LEO Services
Earlier this year, Intelsat announced the termination of our proposed merger with OneWeb when we did not receive the requisite bondholder acceptance of the terms of the deal.
While we are disappointed at this outcome, Intelsat will continue its close working relationship with OneWeb. Together, we plan to develop integrated services utilizing both of our fleets, including mobility, energy, government and IoT/connected car applications, and our geostationary and low Earth orbit offerings will expand the role of satellite-based solutions in the telecommunications space.
Because Intelsat and OneWeb both leverage the Ku-band frequency, hybrid GEO/LEO solutions enable us to provide our customers with the flexibility to incorporate whatever capacity is best suited for each application. The two networks will be available together at the terminal level so that our end users can enjoy the benefits of both fleets, including layers of capacity that ensure superior reliability, access and throughput.
Other aspects of our business and investments, including additional partnerships and the development of new antenna technologies, are also progressing. We are focused on the innovations that enable us to bring advanced solutions to our customers, partnering with you to accelerate the development of new services that will unlock the growth of new applications.
With an eye on the future, we still remain focused on achieving our operating priorities for 2017, including the continued deployment of our Intelsat EpicNG high-throughput satellite (HTS) services. Our fourth next-generation HTS, Intelsat 35e, just launched to deliver services to the Caribbean, trans-Europe to Africa and the African continent. Our fifth satellite, Intelsat 37e, is expected to launch September 5, 2017.
Our commitment to our customers and partners remains unchanged. We continue to be energized by your creativity and drive, and we look forward to our future collaborations.