OneWeb raises additional $1.25 billion from SoftBank, Grupo Salinas, Qualcomm and Rwanda

by Peter B. de Selding

PARIS — Startup broadband satellite constellation operator OneWeb said it has raised $1.25 billion in new capital from existing shareholders SoftBank Group Corp., Grupo Salinas, Qualcomm Technologies and the government of Rwanda, bringing total equity financing to $3.4 billion.

The announcement did not include any mention of OneWeb backers Virgin Group, Airbus and Hughes, which may have been part of an unannounced funding round of several hundred million dollars completed before the Feb. 27 launch of . . .

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