In a webinar hosted by the Washington Space Business Roundtable in the US, small satellite megaconstellation broadband connectivity company OneWeb VP: Regulatory Affairs Ruth Pritchard-Kelly stated on Wednesday that the enterprise should exit bankruptcy protection “any day now”. The company, which had originally planned to place an initial 650-satellite constellation into orbit by 2021, had, in March, been forced to file for bankruptcy protection under Chapter 11 of the US bankruptcy code. In July, OneWeb was bought by a partnership composed of the UK government and Indian enterprise Bharti Global (part of global major Indian private-sector group Bharti Enterprises, which also owns Bharti Airtel, which is the world’s third-biggest cellular phone operator, with more than 425-million customers). Press reports stated that the UK government and Bharti would each hold 45% of OneWeb, with the remaining 10% being held by lesser private sector investors.
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