Airbus, the European aerospace giant, has won a contract to build 900 communications satellites for OneWeb's global high-speed satellite Internet service. OneWeb appears to be on target to launch 700 of the satellites in 2018. Both Richard Branson's Virgin Group and Qualcomm are still on board as major investors, and the project is expected to cost somewhere between £1.3 and £1.9 billion ($2-3 billion). SpaceX (with funding from Google) is also looking to compete in this same space, but its constellation isn't due until at least 2020.
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http://arstechnica.co.uk/science/2015/06/onewebs-constellation-of-700-low-altitude-satellites-will-be-built-by-airbus/Personally, I find this to be a very interesting project for satellite Internet. The latency will be lower since they're going to be low altitude.
