Tag: U.K.

  • U.K. government acquires OneWeb in curious move

    U.K. government acquires OneWeb in curious move

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    by

    starpathwp-production
    in

    The government of the United Kingdom of Great Britain and Northern Ireland (the U.K.) announced today they are acquiring the U.S. and U.K.-based company OneWeb, which filed for bankruptcy in March 2020 after failing to attract enough capital and customers for its planned internet satellite constellation and operating in a high debt-to-income ratio. The decision…