.
MergerLinks Header Logo

New Deal


Announced

Completed

SoftBank and Hughes Network Systems completed the $400m investment in OneWeb.

Financials

Edit Data
Transaction Value£294m
Consideration TypeCash
Capital Owned-
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Acquisition

Cross Border

United Kingdom

satellite communication

Satellite

Private

Single Bidder

Minority

Friendly

Completed

Synopsis

Edit

SoftBank Group and Hughes Network Systems, a satellite and multi-transport technologies and networks provider, completed the $400m investment in OneWeb, the low Earth orbit satellite communications company. "We are delighted to welcome the investment from SoftBank and Hughes. Both are deeply familiar with our business, share our vision for the future, and their commitment allows us to capitalise on the significant growth opportunity ahead for OneWeb. We gain from their experience and capabilities, as we deliver a unique LEO network for the world," Sunil Bharti Mittal, OneWeb Executive Chairman.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US