UK Government steps in to save OneWeb with $500mn investment
The UK’s Business Secretary Alok Sharma has confirmed a Government lifeline of $500 million for OneWeb, the ambitious satellite firm which recently filed for Chapter 11 Bankruptcy.
The UK’s Business Secretary Alok Sharma has confirmed a Government lifeline of $500 million for OneWeb, the ambitious satellite firm which recently filed for Chapter 11 Bankruptcy.
Intelsat has announced it will restructure its finances as it files for Chapter 11 Bankruptcy in the US Bankruptcy Court for the Eastern District of Virginia.
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