OneWeb Gets Additional Funding From Hughes, SoftBank; Pradman Kaul Quoted
OneWeb has now raised $1.4B in total funding after it received additional investments from Hughes Network Systems and SoftBank Group. The additional funding provides OneWeb with needed capital to come up with a constellation of 648 satellites in low-Earth orbit by the end of 2022 to deliver broadband connectivity and low-latency communication services to customers worldwide.