OneWeb Satellites filed for Chapter 11 bankruptcy protection
The website of the global satellite broadband company based in
“While the company was close to obtaining financing, the process did not progress because of the financial impact and market turbulence related to the spread of COVID-19,” OneWeb's statement said.
The partnership would have included Pacific Dataport selling wholesale broadband capacity on OneWeb’s network, which was based on a fleet of low-earth orbit satellites.
The network was scheduled to be up in
OneWeb needed to deploy about 200 satellites to make the project work with Pacific Dataport, Schumann said.
OneWeb had launched 74 satellites, with half of its ground stations complete or under construction.
There is no clarity yet about the impact of the economic difficulties on the Aurora broadband project, but Schumann said he expects it to be delayed at least several months.
The project announced in
For most people, the new coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia and death.
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