UK-based OneWeb out of bankruptcy, Sunil Mittal appointed chairman

After the completion of the deal in the UK, Mittal told Business Standard in a telephonic conversation that this would be like having a telecom network in space, oceans, mountains and forest

OneWeb, the Low Earth Orbit (LEO) broadband satellite communications company, has completed the sale of its assets to the UK government and Bharti Global as it has emerged from the US Chapter 11 bankruptcy protection. It would now start recommencing satellite launches, the company announced on Friday.

As part of the restructuring process, OneWeb will have a new management with Sunil Bharti Mittal as the Executive Chairman and Neil Masterson as the Chief Executive Officer. Prior to joining OneWeb, Masterson worked as Co-Chief Operating Officer at Thomson Reuters, a global provider of news, information, and software.

After the completion of