Hanwha to acquire an 8.8% stake in OneWeb for $300m.

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.