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OneWeb Successfully Emerges From Chapter 11, Announces New CEO And Recommences Satellite Launches

- Adrian Steckel, appointed Adviser to the Board -Adrian Steckel, appointed Adviser to the Board - 17th of December is the target launch date for OneWeb's Return to Flight  LONDON,Nov. 20, 2020/PRNewswire/ -- 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...
LONDON, (informazione.it - comunicati stampa - telecomunicazioni)

- Adrian Steckel , appointed Adviser to the Board

- 17th of December is the target launch date for OneWeb's Return to Flight 

LONDON , Nov. 20, 2020 /PRNewswire/ -- 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 will continue to be headquartered in the UK, bringing new R&D programmes, manufacturing opportunities and a global platform with priority spectrum usage rights. The company will ensure that the UK is at the forefront of a new commercial space industrial age, evolving technology and innovation, and will work with the UK commercial and academic space communities, along with other international specialists, in its research and development activities.

In connection with completion of the restructuring process, OneWeb is pleased to announce that Neil Masterson has been appointed CEO. Neil is formerly Co-Chief Operating Officer at Thomson Reuters having enjoyed a 20-year career with the global provider of news, information, and software.

He succeeds Adrian Steckel , who continues as an Adviser to the Board. Adrian joined OneWeb as CEO in September 2018 and has guided OneWeb through three successful launches, delivering 74 satellites into orbit, and securing priority spectrum use rights for OneWeb.

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OneWeb also announces the target date of 17  December 2020 for its Return to Flight, with a 36-satellite payload scheduled for launch by Arianespace from the Vostochny Cosmodrome. All the satellites have been shipped from Florida to Vostochny and are now undergoing preparation for launch.

Due to investment decisions made by the new shareholders, the joint venture facility with Airbus in Florida, USA was re-activated and the dual production lines brought back into service.

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.

OneWeb is a global communications network powered from space, headquartered in London , enabling connectivity for governments, businesses, and communities. It is implementing a constellation of Low Earth Orbit satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service, connected to the IoT future and a pathway to 5G for everyone, everywhere. Find out more at http://www.oneweb.world

cmclaughlin@oneweb.net

 + 447870 374795

Taldrich-smith@oneweb.net

 +44 7970 44029

kdowd@oneweb.net

 +1 202 415 4030

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