Memo to U.S., European governments: In OneWeb spectrum-license auction, only money talks

by Peter B. de Selding

PARIS — A Chinese purchase of the radio-spectrum assets of OneWeb Global Ltd. will almost certainly go through if China is the highest bidder at OneWeb’s bankruptcy auction planned this summer, regardless of what the U.S. or European governments think of it, U.S. and European officials said.

These officials said governments of Europe and the United States, which have expressed interest in the OneWeb asset sale, will have to bring cash and/or guaranteed future OneWeb bandwidth-purchase commitments to the table to outbid China if they conclude . . .

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