OneWeb Successfully Emerges From Chapter 11

Dec 01, 2020

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Low Earth Orbit (LEO) broadband satellite communications company OneWeb has emerged from U.S. Chapter 11 bankruptcy protection after receiving all relevant regulatory approvals. A consortium of U.K. Government (through the U.K. Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global, has invested $1 billion of new equity to of…

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