Bharti Global co-owned UK firm OneWeb gets $400M from SoftBank, Hughes

Bharti Global and the UK government's jointly owned internet satellite firm OneWeb has received additional funding of $400 million from SoftBank and Hughes Network Systems, which takes OneWeb's total funding to $1.4 billion. As part of the investment, SoftBank will gain a seat on OneWeb's board. Bharti, along with the UK government, had acquired OneWeb for $1 billion in November.