OneWeb secures additional funding with goal of 648 total satellites for broadband connectivity by end 2022

OneWeb, the Low Earth Orbit (LEO) satellite communications company that’s emerged from bankruptcy is jointly owned by the UK Government and Bharti Global.  The company today announced that it 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 … Continue reading OneWeb secures additional funding with goal of 648 total satellites for broadband connectivity by end 2022