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SoftBank to inject USD 500 mln more into OneWeb satellite startup - report

Tuesday 12 December 2017 | 08:54 CET | News
OneWeb founder executive chairman Greg Wyler said the company has started designing and seeking suppliers for a new generation of satellites that would deliver ultra-high-speed connectivity, including across rural or developing regions, approximately as fast as typical fiber optic networks. Sources said that even if the precise size and structure of SoftBank's additional investment changes, Wyler and SoftBank founder Masayoshi Son have agreed in principle on a cash infusion during recent discussions, with the condition that SoftBank's stake in OneWeb remains at less than 50 percent. 

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Categories: Internet / Broadcast & Satellite
Companies: OneWeb / Qualcomm / Softbank
Countries: World
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