Announced
Financials
Sources
Tags
Single Bidder
Friendly
Minority
Acquisition
Private
Cross Border
United Kingdom
satellite communication
Satellite
Pending
Synopsis
Hanwha, a global technology and manufacturing company, to acquire an 8.8% stake in OneWeb, a satellite communications company, for $300m. "We are pleased to join hands with OneWeb, which has strength in the LEO communication area, the core of space business. To OneWeb 's vision of connecting all the people across the globe, Hanwha System's satellite and antenna technology will bring more advantages," Youn Chul KIM, Hanwha Systems President, CEO and Director.
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