SoftBank Unicorn OneWeb Falls to Earth, Plans to File for Bankruptcy Protection

Posted on 03/27/2020

Founded in 2012 as WorldVu Satellites, London-based OneWeb Ltd. is a broadband constellation satellite operator, whose largest shareholder is Japan-based SoftBank Group Corporation. After failing to find new sources of funding after a cash crunch, including from embattled SoftBank, OneWeb plans to file for bankruptcy protection in the U.S. OneWeb was in talks with SoftBank […]

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