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Satellite operator OneWeb files for Chapter 11 bankruptcy plan

Sat, 28th Mar 2020 01:29

March 27 (Reuters) - OneWeb, the satellite operator backed
by SoftBank Group Corp has filed for a voluntary
Chapter 11 bankruptcy plan to pursue a sale of its business, the
company said late on Friday.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Sandra
Maler)

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