OneWeb satellite internet company is officially reborn
By Jonathan Amos
BBC Science Correspondent
Publishedduration1 hour agoimage copyrightOneWebimage captionArtwork: The aim is to have the full satellite network in place in 2022
The OneWeb satellite operator has formally emerged from bankruptcy.
Ownership has transferred to a new company with its principal shareholders now being the UK government and the Indian conglomerate Bharti Global Ltd.
The new holding takes possession of all the operator's assets, including the 74 satellites it has in orbit and all the ground infrastructure to support them.
It means the London-headquartered business can now crack on with building its broadband internet constellation.
This would see 648 spacecraft taken aloft to deliver connectivity to nearly all land and sea surfaces around the globe.
The next 36 satellites have already been despatched from a Florida factory to Russia's Vostochny Cosmodrome for launch on a Soyuz rocket, currently scheduled for 17 December.
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It's understood the components exist for a further three batches, and the new owners have been busy in recent weeks re-establishing old supply chains to fully ramp up production to pre-bankruptcy levels.