OneWeb emerges from Chapter 11
Submit on Sunday, November 22nd, 2020 22:58
OneWeb announced its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals. A consortium of UK Government (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global, has invested US$1 billion of new equity to offer broadband connectivity services, via a constellation of 650 LEO satellites.
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