Article
OneWeb ramps up satellite production with new round of funding
2019-03-21
OneWeb has secured $1.25 billion in its latest funding round. The company, which seeks to deploy a satellite communication network by 2021 that will enable global high-speed, low-latency Internet access, has now raised a total of $3.4 billion to fund its mission. Tokyo-based Softbank Group Corp., Mexico’s Grupos Salinas, San Deigo-based Qualcomm Technologies Inc., and the Government of Rwanda led the last round of funding.