The rumor had been around for several days. OneWeb, whose promise is to bridge the digital divide by bringing high-speed internet to all corners of the globe, failed to raise its last $ 2 billion in funding to continue deploying its giant constellation. The London-listed company has applied for Chapter 11 bankruptcy protection in a New York court.
A judge is to rule on Tuesday when OneWeb has already reduced the airfoil. Less than a hundred employees still work there to manage the 74 satellites already in orbit, which allows the company to keep the use of its frequencies in low orbit. As for OneWeb Satellites, which builds satellites in an ultra-modern factory in Florida, it will reduce its production rates.
By placing themselves under the bankruptcy regime, OneWeb, created in 2012 by Greg Wyler, can indeed maintain its activity, until the justice establishes a plan of
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