Wednesday, 22 September 2021

OneWeb begins commercial service as Airtel invests additional $500m

by Harry Baldock, Total Telecom
Thursday 01 July 21

The additional funds will ensure that OneWeb can fully launch their planned low Earth orbit (LEO) satellite constellation

In March 2020, UK-based satellite broadband player OneWeb filed for bankruptcy, having failed to secure funding for their LEO satellite constellation, citing market turbulence related to the emerging coronavirus pandemic.  In November, however, a miraculous turnaround was on the cards, with the UK government and Bharti Global, run by Indian billionaire Sunil Mittal, both committing $500 million to rescue the company from bankruptcy.  By January 2021, more investment was flowing into the company…

In March 2020, UK-based satellite broadband player OneWeb filed for bankruptcy, having failed to secure funding for their LEO satellite constellation, citing market turbulence related to the emerging coronavirus pandemic.  In November, however, a miraculous turnaround was on the cards, with the UK government and Bharti Global, run by Indian billionaire Sunil Mittal, both committing $500 million to rescue the company from bankruptcy.  By January 2021, more investment was flowing into the company…

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