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OneWeb emerges from bankruptcy with new CEO

Sunday 22 November 2020 | 20:40 CET | News
Broadband satellite company OneWeb has successfully emerged from US Chapter 11 bankruptcy protection after securing all relevant regulatory approvals. The UK government and Bharti Global are the new owners of OneWeb, investing USD 1 billion to provide broadband connectivity services through a network of 650 LEO satellite. OneWeb will continue to be headquartered in the UK, with Neil Masterson appointed as the new CEO. He was formerly Co-Chief Operating Officer at news, information and software group Thomson Reuters and succeeds Adrian Steckel, who will continue as an adviser to the board. 

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Categories: Internet / Broadcast & Satellite
Companies: Bharti Global / OneWeb
Countries: World
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