Softbank takes £380m write-down on satellite investment

Softbank has taken a £380 million hit on its 47% stake in UK satellite companyOne Web.  OneWeb plans to launch a 600 satellite constellation to deliver internet services. It has so far launched six. From December onwards it plans to launch 30 satellites a month. Softbank invested $1 billion in OneWeb in 2016 and, in ...

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