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
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03How a charity founded by farmers' wives helps children in the Borders
16.03Alcohol-free beer and pet grooming used to measure inflation
16.03Alcohol-free beer and pet grooming used to measure inflation
16.03Steelworks costing 1.3m a day to run
16.03Funding change ends school holiday food vouchers
16.03Firms to be paid to hire unemployed young people
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
More »