OneWeb Is Out of Bankruptcy but Not Out of the Woods
October 9, 2020
OneWeb, which declared bankruptcy in May, has reorganized and emerged from bankruptcy. Bharti Global, an Indian telecommunication conglomerate, and the British government each own 42.2% of the new company, and most of the rest is owned by previous investors SoftBank and Hughes Network Systems.
Hughes will continue work on ground infrastructure and marketing and the original joint venture with Ai