OneWeb receives major investment from EutelsatLondon-based OneWeb, which is building a satellite constellation to deliver internet connections, has received a major investment from Eutelsat.
The Paris-based company is putting $550m (£400m) into OneWeb, for a 24% equity stake.
This will be seen as a big vote of confidence in the OneWeb project.
Eutelsat is one of the top three satellite-telecommunications operators for "fixed services", such as direct-to-home TV, phone and data connections.
OneWeb receives major investment from Eutelsat - BBC News
