BIZ CPT-SATELLITES-BROADBAND LA

A rendering of satellite broadband coverage that could be provided by OneWeb's proposed network of hundreds of satellites. (OneWeb)

LOS ANGELES — It’s been more than a decade since a handful of ambitious entrepreneurs saw their plans to provide global telecommunications service through massive satellite constellations blow up, doomed by runaway costs.

Now, a new generation of satellite entrepreneurs is headed back to the launch pad. Backed by billions of dollars from deep-pocketed investors, they plan to blanket the earth in the next few years with perhaps thousands of miniature satellites beaming cheap, ubiquitous broadband service.

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