OneWeb's Takeover Good News for It, Less So for Competitors, Analyst Says
The plan for bankrupt OneWeb to be bought by a consortium of the U.K. secretary of state for business, energy and industrial strategy and Bharti Global is "almost a best-case scenario" for the company, giving it "a second lease on…
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life and the possibility of achieving longer-term success," Quilty Analytics' Chris Quilty wrote Wednesday. He said OneWeb's rescue, expected to be approved by U.S. Bankruptcy Court in Manhattan within days, means SpaceX won't inherit priority rights in the Ku band, and Bharti's strong distribution presence in India and Africa could complicate SpaceX making inroads into those markets. He said Telesat could have a tougher time funding its own low earth orbit satellite ambitions due to perceptions it's facing more competition.