Bankrupt LEO company OneWeb finds a buyer

LONDON – OneWeb, the satellite communications company whose mission is to bring connectivity to governments, businesses, and people everywhere, starting with the Arctic and including Canada, announced Friday it has entered into a sale agreement with a consortium led by HMG (through the U.K. secretary of state for business, energy, and industrial strategy) and Bharti Global Limited. The bid, filed in connection with its court-supervised sale process, is designed to “capitalize the company sufficiently as a going concern to effectuate the full end-to-end deployment of the OneWeb system,” reads the release. Following a competitive process (which reportedly included Canada’s Telesat...