South Korea’s Hanwha Systems invests $300m in OneWeb

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Since its rescue from bankruptcy by the UK government and Bharti Airtel back in 2020, UK satellite broadband player OneWeb has been going to strength to strength.   In January 2021, SoftBank and Hughes Network System announced they would invest an additional $400 million into the company, bringing the companies total investment to $1.4 billion. By March, OneWeb had began launching low Earth orbit (LEO) satellites into orbit but warned that it would need to raise another billion dollars to reach its goal of global coverage in 2022 using around 648 satellites…

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