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    Home»Featured»OneWeb emerges from bankruptcy, announces new mgmt with Sunil Mittal as Exec Chairman
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    OneWeb emerges from bankruptcy, announces new mgmt with Sunil Mittal as Exec Chairman

    Finance KhabarBy Finance KhabarNovember 20, 2020No Comments1 Min Read
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    New Delhi: OneWeb, the Low Earth Orbit (LEO) broadband satellite communications firm, also announced new management with telecom czar Sunil Mittal at the helm as Executive Chairman.

    The UK government and Bharti Global are the new owners of OneWeb. Bharti Global — an overseas arm of Bharti — operates out of London and has investments in telecom, technology, hospitality, transportation and energy.

    “This is a telecom network in space,” Mittal, Founder and Chairman of Bharti Enterprises told PTI while terming the constellation of LEO satellites as a “game-changer”.

    Mittal said OneWeb is eyeing a full global coverage, including India market, by the middle of 2022.

    OneWeb also announced the second half of December 2020 for its ”Return-to-Flight”, with a 36-satellite payload scheduled for launch by Arianespace from the Vostochny Cosmodrome.

    Launches will continue throughout 2021 and 2022 and OneWeb is on track to begin commercial connectivity services to the UK and the Arctic region in late 2021 and will expand to delivering global services in 2022, the company said in a statement.

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