Bharti-group backed OneWeb receives $ 550 million fund from Eutelsat

OneWeb said on Tuesday that it has secured $ 550 million (about Rs 4,100 crore) in funding from Eutelsat Communications, which will get about 24 percent stake in the broadband satellite communications company. The Bharti-group-backed OneWeb said the new investment would bring the total fund to $ 1.9 billion in fresh equity.OneWeb statement said, “This …

Bharti-group backed OneWeb receives $ 550 million fund from Eutelsat Read More »