Eutelsat Communications invests $550 million in OneWeb
In January, Japan’s SoftBank Group and Hughes Network Systems LLC had invested $400 million in OneWeb
The UK government and Bharti Global invested $500 million each to acquire OneWeb under a bankruptcy resolution process
Paris-based Eutelsat Communications has invested $550 million in OneWeb, a broadband satellite communications company acquired by a consortium of investors comprising the UK government and Sunil Mittal-led Bharti Global. The investment will take total funding in OneWeb to $1.9 billion.