22.Jan .2020 16:50

Silknet signed Memorandum of Understanding with Global Communications Company One Web

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The leading convergent telco company Silknet signed memorandum of understanding MOU with the global communication company OneWeb. The goal of OneWeb, is to connect everyone everywhere, bringing high-speed, low-latency internet coverage at any point of the world. During World Economic Forum in Davos, chairman of Silknet’s supervisory board, George Ramishvili, and OneWeb’s CEO, Adrian Steckel signed a partnership agreement covering Georgia and Caucasus region.

OneWeb’s distribution partnership with Silknet will provide local telecom operators with widespread high-speed broadband internet coverage in Georgia, including remote and inaccessible areas.

Adrian Steckel, CEO of OneWeb, said: “In a world where businesses need to be always connected to the Cloud, but not everywhere has suitable geographies or can afford expensive fibre connectivity, OneWeb’s transformative communications network will make it possible to access high-speed internet, anywhere on Earth. I am very pleased to take the first and important step to partner with Silknet. OneWeb will help to bridge the digital divide in Georgia and across the Caucasian region.”

George Ramishvili, Chairman of Silknet’s supervisory board, added: “Silknet has always strived for implementing the latest technologies. We’ve signed the Memorandum of Understanding on partnership with the company which has started building revolutionary, space connectivity network. As a result of this partnership an additional digital source of connectivity will appear in Georgia making the existing technologies complete, rather than competing with them. This creates a unique opportunity when it comes to remote places, where fibre optic infrastructure is not accessible due to different circumstances.”

At the end of February 2019, OneWeb successfully launched its first batch of low Earth Orbiting satellites. The next launch is scheduled for February 2020 from the Baikonur Cosmodrome, Kazakhstan and this signals the beginning of regular launches of more than 30 satellites at a time to build OneWeb’s initial constellation of 650 satellites.

About OneWeb
OneWeb's vision is to enable Internet access for everyone, everywhere. It is implementing a constellation of Low Earth-orbiting satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service for businesses and governments around the world. OneWeb has business solutions for broadband, government and cellular backhaul. Its global communications network will offer game-changing Mobility solutions to industries that rely on global connectivity, such as aviation, maritime, automotive and more.
OneWeb is dedicated to responsible space practices on the basis that space is a shared natural resource which, if used responsibly, can help transform the way we live, work, and connect.
Softbank and Airbus, Coca-Cola, Virgin, Bharti, the government of Rwanda, and Grupo Salinas are investment partners.

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About Silknet
Silknet is one of the largest, convergent telecom operators in Georgia.
Combining the fixed and mobile networks, Silknet today provides a full range of telecommunication services (Broadband, IPTV, Fixed line, Mobile voice & data) to over 40% of the population and businesses across the entire country.
Early 2019 Silknet also raised USD 200 million from international investors through a Eurobond and shows strong financial performance. Silknet is rated B1/Stable by Moody’s and B+/Stable by Fitch Ratings.

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