US bankruptcy court approves sale of OneWeb to UK govt, Bharti

News Video Global 5 OKT 2020
US bankruptcy court approves sale of OneWeb to UK govt, Bharti

Satellite communications company OneWeb has received approval from a US bankruptcy court for its Chapter 11 reorganisation plan, which involves the sale of the company to a consortium led by the UK Government and India's Bharti Global. 

This leaves OneWeb on track to resume full business operations imminently, with plans to deploy the initial 650 LEO satellite constellation under the new ownership. Commercial services are expected to start in 2021. 

Categories:

Satellite

Companies:

OneWeb

Regions:

Global

Tags:

Bankruptcy - Insolvency, Data services, Devices, Company, Services, Network equipment, Network operations services, Corporate, Enterprise, Client, M&A buyouts & divestments

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