OneWeb Secures Investment from Softbank and Hughes Network Systems
January, 15, 2021 – OneWeb, jointly owned by the UK Government and Bharti Global, has secured additional funding from SoftBank Group Corp. (“SoftBank”) and Hughes Network Systems LLC (“Hughes”), bringing OneWeb’s total funding to $1.4 billion. The capital raised to date positions the Company to be fully funded for its first-generation satellite fleet, totaling 648…