Satellite firm Oneweb secures $400m in fresh Softbank-led funding
Oneweb, the satellite broadband firm bailed out by the UK government last year, has raised a further $400m (£294m) in a fresh funding round led by Softbank.
The Japanese conglomerate will also take a seat on the board of Oneweb, which was rescued from bankruptcy in November by the government and Indian billionaire Sunil Bharti Mittal.
Read more: Satellite firm Oneweb relaunched after UK government bailout
The majority of the fundi...