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Softbank loses £380m stake in OneWeb as British satellite start-up races to get launches off the ground

Softbank

Softbank loses £380m stake in OneWeb as British satellite start-up races to get launches off the ground

The Telegraph - By Matthew Field

Japanese technology giant Softbank has written down the value of its stake in British satellite maker OneWeb by £380m, the Telegraph can reveal. OneWeb, which is backed by Softbank, Airbus and Sir Richard Branson’s Virgin Group, has burned through billions in investor cash for its plans to launch a …

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