Choose a language
Shortpedia Categories
Company
Download App




OneWeb secures funding from SoftBank, Hughes Network Systems; Total funding reaches USD 1.4 Bn

Shortpedia
Content Team
Image Credit: shortpedia

Bharti Global and the UK government-led OneWeb on Friday said it has secured additional funding from SoftBank Group and Hughes Network Systems, taking the total funding for the broadband satellite communications company to USD 1.4 billion (over Rs 10,200 crore). The capital raised so far strongly positions OneWeb to be fully funded for its first-generation satellite fleet, totalling 648 satellites, by the end of 2022, it said.


SMART CONTENT APP Hand picked content everyday

Shortpedia is a short news app which provide latest news in 70 words in Hindi or English Language. Read Breaking News on our Mobile App which is available on Google Play Store & Apple App Store.

Download App


Copyright © 2019 ShortPedia. All Rights Reserved.