Items Tagged with 'oneweb'

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OneWeb Files for Chapter 11 Restructuring to Execute Sale Process

OneWeb announced that the company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The company intends to use these proceedings to pursue a sale of its business in order to maximize the value of the company.


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