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Tag: oneweb
OneWeb confirms UK govt, Bharti consortium as winning bidders in sale process
2020-07-03 14:08:00| Telecompaper Headlines
(Telecompaper) Satellite communications company OneWeb has confirmed a consortium of the UK Government and Bharti Global as the winning bidders in the court-supervised sale process. The deal is expected to completed by Q4 2020, pending approval from OneWeb creditors, the Bankruptcy Court and applicable regulators.
Tags: process
sale
winning
consortium
UK government wins bid for OneWeb satellite firm
2020-07-03 13:05:40| BBC News | Business | UK Edition
A government-backed group is set to pull broadband firm out of bankruptcy to help deliver sat-nav system.
Tags: government
firm
bid
satellite
Bharti Enterprises makes UK-backed bid for OneWeb - report
2020-06-30 09:23:00| Telecompaper Headlines
(Telecompaper) Indian investor Sunil Mittal has submitted a bid for OneWeb, through his company Bharti Enterprises, reports Bloomberg. The offer has the backing of the UK government, people familiar with the matter said.
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makes
enterprises
bid
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 »
Tags: company
uk
supported
satellite
OneWeb files for bankruptcy as Covid-19 stalls funding talks
2020-03-29 21:29:00| Telecompaper Headlines
(Telecompaper) London-based satellite communications company OneWeb has filed for Chapter 11 bankruptcy protection in the US as it looks to complete a sale of the business.
Tags: files
funding
talks
bankruptcy