Eutelsat Communications invests $550 million in OneWeb2 min read . Updated: 27 Apr 2021, 10:34 PM IST
- 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.
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