Eutelsat Communications infuses $550m in OneWeb

Eutelsat Communications infuses $550m in OneWeb

Image from OneWeb's website

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.