Home page of Satellite Internet and Information

Satellite Internet Forum.

Welcome, Guest.
Welcome to this satellite broadband discussion forum. Wherever you are and whatever your problem we are here to help each other. Connecting to the internet via satellite is not always easy but is critically important to those in remote places or with poor terrestrial infrastructure. Service providers and customers are encouraged to contribute. Register at the bottom of the forum home page if you wish to contribute or ask a question. VSAT service providers and satellite equipment sellers may feature their products free of charge; just register and get posting. Paid-for adverts, top left and top right, on all forum pages, are also available. Read the Forum rules.
      Home            Login            Register          
Pages: 1

OneWeb files for Chapter 11 bankruptcy.

(Read 305 times)
YaBB Administrator

Posts: 989
Mar 30th, 2020 at 5:15pm  
OneWeb files for Chapter 11 bankruptcy.

OneWeb has so far launched 74 satellites for its low erath orbit (LEO) constellation, intended to work with 44 earth station teleport hubs, about half of which are either completed or in development. Work has also been done on customer terminals. Successful demonstration tests have shown broadband speeds in excess of 400 Mbps and latency of 32 ms.

The Company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.

The Company intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company.

For more information read the full press release here:

OneWeb files files for Chapter 11 bankruptcy.

Wishing them well, both business wise and heath wise.

Best regards, Eric.
Back to top
IP Logged
Pages: 1