In a recent move, Japan’s SoftBank Group and Hughes Network Systems LLC have invested $400M (approx €331M) in OneWeb, a London-based global communications company. This brings OneWeb’s total funding to $1.4B (approx €1.1B).
It’s worth mentioning that Hughes is an investor through its parent company EchoStar, and also an ecosystem partner, developing essential ground network technology for the OneWeb system.