Tag Archives: SoftBank

Intelsat sues OneWeb broadband satellite venture

One of the world’s biggest satellite operators, Intelsat, is accusing the OneWeb broadband satellite venture and its biggest investor, SoftBank, of breach of contract, fraud and conspiracy in a lawsuit seeking what could amount to tens or hundreds of millions of dollars in damages. … Continue reading

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SoftBank and Loon team up in global internet race

HAPSMobile, a joint venture created by Japan’s SoftBank Corp. and California-based AeroVironment, is jumping into the race to provide global broadband access from above, alongside SpaceX, Amazon, OneWeb and Telesat. Unlike those four companies, HAPSMobile plans to use high-flying, solar-powered planes rather than … Continue reading

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SoftBank backs Intelsat-OneWeb merger

Intelsat and OneWeb today laid out plans for a mega-merger aimed at bolstering their satellite internet services, with a $1.7 billion investment boost from SoftBank. The arrangement is a head-turner, due to the complicated conditions of the deal as well … Continue reading

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SoftBank boosts OneWeb satellite network

The OneWeb internet satellite venture says it has secured another $1.2 billion in investment, including a billion dollars from SoftBank Group. OneWeb said the new infusion of capital will support the construction of a high-volume satellite production facility in Exploration … Continue reading

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