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Sunil Mittal bids for bankrupt satellite company OneWeb supported by UK govt
2020-06-30 02:00:00| Total Telecom industry news
OneWeb, a UK-based low-Earth orbit (LEO) satellite company, has found itself under financial strain since its inception back in 2012. Despite backers including SoftBank, Airbus and Qualcomm, the satellite company has struggled to obtain financing, resulting in a slew of debts that now top $3.3 billion. The company filed for bankruptcy in March this year citing financial strain caused by the pandemic…read more on TotalTele.com » [ more ]
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Category:Telecommunications