Coca-Cola invests in $500M fund to deliver low-cost Internet service

The Coca-Cola Co. (NYSE: KO) is investing an undisclosed amount to a $500 million fund to develop a global communications system that would deliver affordable broadband services in the developing world. The funding will allow London-based OneWeb to further develop key technologies to enable affordable broadband in rural locations and underdeveloped locations. Besides Coca-Cola, Airbus Group, Bharti Enterprises, Hughes Network Systems, Intelsat, Qualcomm Inc., the Virgin Group, and Totalplay have…