Friday, March 27, 2020

OneWeb files for bankruptcy after failing to secure new funding amid COVID-19 crisis; sources: OneWeb was in talks to raise ~$2B from SoftBank before the crisis (Financial Times)

Financial Times:
OneWeb files for bankruptcy after failing to secure new funding amid COVID-19 crisis; sources: OneWeb was in talks to raise ~$2B from SoftBank before the crisis  —  Start-up that wanted to beam broadband internet from space had raised $3bn from investors  —  OneWeb, the satellite internet start-up …



from Techmeme https://ift.tt/2wLLs1t

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