July 27, 2020 / 12:13 PM / in 9 days

Hughes Network Systems to invest $50 mln to join OneWeb consortium

TOKYO, July 27 (Reuters) - U.S. satellite broadband provider Hughes Network Systems has agreed to invest $50 million in the British government and Bharti-backed consortium buying collapsed satellite operator Oneweb.

Hughes had previously partnered with OneWeb, which collapsed in late March after top backer SoftBank Group Corp declined to provide further funding.

Reporting by Sam Nussey, editing by Louise Heavens

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