Home › OneWeb begins commercial service as Airtel invests additional $500m
 

Keywords :   


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 »

Tags: service additional commercial begins

Category:Telecommunications

Latest from this category

All news
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
10.01'Unprecedented' numbers seeking debt help post-Christmas, say charities
09.01Trump's Venezuela oil meeting starts with few concrete promises
09.01EU reaches South America trade deal after 25 years of talks
09.01Mexico confirms New World screwworm in Veracruz pig
09.01U.S. red meat demand strong, despite tight supplies, trade issues
09.01U.S. red meat demand strong, despite tight supplies, trade issues
09.01Medgene adds new leadership to sales team
09.01NWRA Recognizes Outstanding Industry Leadership with 2025 Awards
More »