Sunday 29 March 2020

SoftBank-Backed OneWeb Files for Chapter 11 Bankruptcy Plan, Cuts Jobs

OneWeb, the satellite operator backed by Japan's SoftBank Group, said it has filed for Chapter 11 bankruptcy to pursue a sale of its business and and has cut its workforce amid the coronavirus outbreak.

source https://gadgets.ndtv.com/telecom/news/softbank-backed-oneweb-files-for-chapter-11-bankruptcy-plan-cuts-jobs-2202783

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