SoftBank Chief Executive Masayoshi Son reserved a large part of his third quarter earnings presentation for an explanation of the company's $1 billion investment in startup satellite Internet provider OneWeb Ltd. Son said OneWeb's cost and performance metrics are so compelling that the service, to be operational in 2020, might altogether replace cellular backhaul. Credit: SoftBank
PARIS — SoftBank Chief Executive Masayoshi Son gave investors a detailed explanation of why he agreed to invest $1 billion into startup satellite Internet provider OneWeb Ltd. but said disbursement of the funds would not start immediately.
The investment, announced in December . . .
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