OneWeb receives major investment from Eutelsat

London-based OneWeb, which is building a satellite constellation to deliver internet connections, has received a major investment from Eutelsat.

The Paris-based company is putting $550m (£400m) into OneWeb, for a 24% equity stake.

This will be seen as a big vote of confidence in the OneWeb project.

Eutelsat is one of the top three satellite-telecommunications operators for "fixed services", such as direct-to-home TV, phone and data connections.

OneWeb receives major investment from Eutelsat - BBC News

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