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Mar 28, 2020 · OneWeb, the satellite internet start-up, filed for bankruptcy and axed most of its staff on Friday, after failing to secure new funding from investors including its biggest backer SoftBank.
Apr 5, 2024 · OneWeb has now merged with French satellite provider Eutelsat in a $3.4 billion all-stock agreement. This deal has been over a year in the making with OneWeb securing all the necessary regulatory permissions in August 2023, having already obtained the approval of its shareholders.
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Jun 25, 2020 · OneWeb, which has its global headquarters in the UK but substantial operations in the US, entered Chapter 11 bankruptcy protection in March after failing to secure $2bn in new funding from...
Mar 30, 2020 · OneWeb's bankruptcy filing shows it has "$2.1 billion in total liabilities, including $1.7 billion in senior secured financing plus money owed to between 1,000 and 5,000 creditors," SpaceNews...
Mar 25, 2023 · With its debts wiped out, OneWeb then moved quickly to build out the network and secure wider investment.
Nov 20, 2020 · The UK government's involvement in the company's rescue has been a controversial one, with critics questioning why ministers would invest so much money in what remains a risky venture.
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Mar 11, 2023 · London-based satellite operator OneWeb is in the home straight after putting up another 40 spacecraft this week. It takes the company's in-orbit broadband constellation to over 580.
