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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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SoftBank : OneWeb launches satellites in global internet service push

09/15/2021 | 04:20am EDT
A rocket booster with satellites of British firm OneWeb blasts off from a launchpad at the Baikonur Cosmodrome

MOSCOW (Reuters) - British-based firm OneWeb launched 34 satellites into orbit from a cosmodrome in Kazakhstan, expanding its in-orbit constellation to 322 satellites, it said on Wednesday.

The satellites lifted off from Kazakhstan's Baikonur cosmodrome at 1807 GMT on Tuesday, it said in a statement.

OneWeb plans to launch a total of 648 low earth orbit satellites to roll out a high-speed global internet connection including to the most remote corners of the world.

The launch, carried out by Arianespace, keeps OneWeb on track to start a service in swathes of the northern hemisphere this year and to deliver a global service next year, it said.

OneWeb resumed satellite launches in December after emerging from bankruptcy protection with $1 billion in equity investment from a consortium of the British government and India's Bharti Enterprises.

It has received further financing from Bharti as well as investment from Eutelsat Communications and Japan's Softbank.

(Reporting by Tom Balmforth; editing by Jason Neely)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EUTELSAT COMMUNICATIONS 0.44% 12.47 Real-time Quote.34.67%
SOFTBANK GROUP CORP. 4.40% 6712 End-of-day quote.-16.70%
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Analyst Recommendations on SOFTBANK GROUP CORP.
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Financials
Sales 2022 6 040 B 52 846 M 52 846 M
Net income 2022 1 310 B 11 460 M 11 460 M
Net Debt 2022 15 330 B 134 B 134 B
P/E ratio 2022 8,81x
Yield 2022 0,66%
Capitalization 11 498 B 101 B 101 B
EV / Sales 2022 4,44x
EV / Sales 2023 4,15x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
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SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
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Mean consensus BUY
Number of Analysts 15
Last Close Price 6 712,00 JPY
Average target price 10 325,87 JPY
Spread / Average Target 53,8%
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Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
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