OneWeb exits bankruptcy and is ready to launch more broadband satellites

OneWeb has emerged from Chapter 11 bankruptcy under new ownership and says it will begin launching more broadband satellites in December 2020. Similar to SpaceX Starlink, OneWeb is building a network of low-Earth-orbit (LEO) satellites that can provide high-speed broadband with much lower latencies than traditional geostationary satellites. After a launch in December, launches will continue throughout 2021 and 2022, and OneWeb is now on track to begin commercial connectivity services to the UK and the Arctic region in late 2021 and will expand to delivering global services in 2022.