SoftBank initially invested $1bn in satetllite internet service provider OneWeb as part of a $1.2bn round late last year.
Telecommunications and internet group SoftBank has agreed to invest about $500m in US-based satellite broadband provider OneWeb, the Wall Street Journal reported yesterday, citing a person familiar with the details.
OneWeb intends to launch a series of satellites beginning in 2018 that will provide LTE, 3G and wifi internet coverage to currently underserved areas.
The company intends to start supplying internet to Alaskan users in 2019 and eventually plans to have some 900 satellites in orbit that will connect to…
