OneWeb emerges from bankruptcy; announces new management with Sunil Mittal as Executive Chairman

Billionaire Sunil Bharti Mittal-run Bharti Group along with the British government on Friday took over as the new owners of broadband satellite communications company OneWeb, which has emerged from bankruptcy and is all set to recommence satellite launches.

OneWeb, the Low Earth Orbit (LEO) broadband satellite communications firm, also announced new management with telecom czar Sunil Mittal at the helm as Executive Chairman.

The UK government and Bharti Global are the new owners of OneWeb. Bharti Global — an overseas arm of Bharti — operates out of London and has investments in telecom, technology, hospitality, transportation and energy.