Sep 25, 2020
PARIS — Brian Holz was on the ground floor, alongside Greg Wyler, of the O3b medium-Earth-orbit (MEO) broadband constellation and, again with Wyler, of the OneWeb Global low-Earth-orbit (LEO) project.
That experience earned him a reputation that has helped him get seed financing from Intellectual Ventures for the Holz-designed Mangata Networks constellation of MEO and highly elliptical orbit (HEO) satellites.
Another broadband constellation when at least three networks — SpaceX’s Starlink, post-bankruptcy OneWeb,
Sep 25, 2020
PARIS — The court handling OneWeb Global Ltd.’s Chapter 11 bankruptcy approved an additional $235 million in Debtor-in-Possession (DIP) loans to maintain continuity in satellite production and continue work on OneWeb’s ground segment, its eventual user terminals and other expenses.
The Bankruptcy Court for the Southern District of New York is expected to approve OneWeb’s latest restructuring plan in early October, but regulatory approval of the company’s purchase, by the British government and India’s Bharti Global, could take an additional month . . .
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