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OneWeb begins commercial service as Airtel invests additional $500m

2021-07-01 02:00:00| Total Telecom industry news

In March 2020, UK-based satellite broadband player OneWeb filed for bankruptcy, having failed to secure funding for their LEO satellite constellation, citing market turbulence related to the emerging coronavirus pandemic.  In November, however, a miraculous turnaround was on the cards, with the UK government and Bharti Global, run by Indian billionaire Sunil Mittal, both committing $500 million to rescue the company from bankruptcy.  By January 2021, more investment was flowing into the company…read more on TotalTele.com »

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