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OneWeb emerges from Chapter 11

Christian Fernsby |
OneWeb, the Low Earth Orbit (LEO) broadband satellite communications company, announced its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals.

A consortium of UK Government through the UK Secretary of State for Business, Energy and Industrial Strategy and Bharti Global, has invested $1bn of new equity to offer broadband connectivity services, via a constellation of 650 LEO satellites.

OneWeb will continue to be headquartered in the UK.

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