With Bharti Enterprises-led low earth orbit (LEO) broadband satellite communications company OneWeb emerging from US Chapter 11 bankruptcy protection and achieving all relevant regulatory approvals, chair man Sunil Bharti Mittal said that beginning mid-December till October 2021, the company will launch a total 360 satellites to construct a global satellite constellation that will provide enhanced broadband and other services to countries around the world. This would mark the trial test runs.
Press release: OneWeb, the Low Earth Orbit (LEO) broadband satellite communications company, announces its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals. A consortium of UK Government (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global, has invested $1bn of new equity to offer broadband connectivity services, via a constellation of 650 LEO satellites.
— OneWeb
Herbert Smith Freehills advised
Weil also advised the
Cravath acted as US counsel for
Milbank represented OneWeb, led by
2020-11-20
The primary jurisdiction of the deal was UK, US, though one of the primary parties in the deal (Bharti) was Indian.
Deal value: US$1 billion
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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