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Wednesday, 30 June 2021 13:56

Bharti injects additional $500m into OneWeb

Bharti Global has invested a further $500m into OneWeb, bringing its total funding to $2.4 billion.

OneWeb has achieved a major step in its reorganisation process. On 2 October 2020, the United States Bankruptcy Court for the Southern District of New York confirmed OneWeb’s Chapter 11 plan of reorganisation (the “Plan”), ensuring that the company remains on target to resume full business operations imminently.

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