USA > SoftBank to Invest $1.2 billion in OneWeb’s Stake

softbank-logo Japan based SoftBank will invest $1.2 billion into OneWeb giving SoftBank Group around 40% stake in the internet startup. In series A funding, OneWeb had raised $500 million from Airbus, Qualcomm, Virgin, Boeing, Bharti, Hughes, Intelsat, MDA and Coca Cola. SoftBank and OneWeb said the new capital will support the construction of a manufacturing facility in Exploration Park, Florida. Also the investment is expected More …