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OneWeb has announced its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals.

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.

OneWeb has amended its existing launch contract with Arianespace. Launches for OneWeb are scheduled to resume in December 2020, putting the company on track to complete the deployment of its full global constellation of Low Earth Orbit satellites by the end of 2022.

Broadband satellite networks and services provider Hughes Network Systems (HUGHES) has announced its participation in the winning consortium, led by the U.K. Government and Bharti Enterprises, that will acquire OneWeb out of bankruptcy. Hughes has agreed in principle to invest $50 million in the consortium.

OneWeb has submitted a modification request to the US Federal Communications Commission (FCC) to increase the number of satellites in its constellation up to 48,000 satellites.

Monday, 30 March 2020 09:37

OneWeb files for bankruptcy

Satellite communications start-up OneWeb has filed for bankruptcy after failing to secure funding it had been negotiating since the beginning of the year.

OneWeb has announced the successful launch of 34 more satellites onboard a Soyuz launch vehicle from the historic Baikonur Cosmodrome, Kazakhstan. Lift-off occurred on March 21st at 17:06 UTC. OneWeb’s satellites separated from the rocket and were dispensed in nine batches with signal acquisition anticipated in the coming hours.

Intellian has signed a contract with OneWeb to manufacture user terminals for use on the OneWeb network.

OneWeb has launched 34 satellites onboard a Soyuz launch vehicle from the historic Baikonur Cosmodrome, Kazakhstan.

OneWeb’s upcoming launch of 34 satellites is scheduled for Thursday 6 February at 2142 (GMT) / Friday 7 February 0242 (local time) from the historic Baikonur Cosmodrome, Kazakhstan.

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Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.

 

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