OneWeb exits Chapter 11 bankruptcy
Posted: Fri, Nov 27, 2020, 10:48 AM ET (1548 GMT)
OneWeb emerged from Chapter 11 bankruptcy Nov. 20 with a new CEO. The company announced it had completed all the paperwork to formally exit Chapter 11 under a new ownership group led by Bharti Global and the British government. The company is now led by Neil Masterson, former co-chief operating officer of Thomson Reuters. Adrian Steckel, who had been OneWeb's CEO for more than two years, will stay on as an adviser. OneWeb said it will resume launches of satellites for its broadband constellation next month, with a Soyuz launch from Russia.
OneWeb emerged from Chapter 11 bankruptcy Nov. 20 with a new CEO. The company announced it had completed all the paperwork to formally exit Chapter 11 under a new ownership group led by Bharti Global and the British government. The company is now led by Neil Masterson, former co-chief operating officer of Thomson Reuters. Adrian Steckel, who had been OneWeb's CEO for more than two years, will stay on as an adviser. OneWeb said it will resume launches of satellites for its broadband constellation next month, with a Soyuz launch from Russia.
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