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