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Softbank To Invest $1 Billion In U.s. Venture Oneweb As Part Of $50 Billion Pledge

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo(Reuters) - SoftBank Group Corp has agreed to invest $1 billion in U.S. satellite venture OneWeb Ltd, marking the first tranche of a $50 billion U.S. investment the Japanese telecoms and technology company's founder Masayoshi Son pledged to President-elect Donald Trump. "Earlier this month, I met with President-Elect Trump and shared my commitment to investing and creating jobs in the United States," Son said in a joint statement with OneWeb. "This is the first step in that commitment." The investment is part of a $1. ...




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