Hughes to join new consortium acquiring bankrupt OneWeb: Page 2 of 2

July 27, 2020 //By Jean-Pierre Joosting
Hughes join new consortium acquiring bankrupt OneWeb
Hughes Network Systems has announced its participation in the winning consortium, led by the U.K. Government and Bharti Enterprises, that will acquire OneWeb out of bankruptcy.

Consummation of the consortium is contingent upon execution and effectiveness of definitive agreements. Confirmation of OneWeb's reorganization is contingent on certain conditions established by the Bankruptcy Court.

Through its Hughes Europe division, which is headquartered outside of London, and sister company EchoStar Mobile Limited, Hughes has worked closely with the U.K. Government. Furthermore, Hughes Communications India Ltd, (HCIL), a majority-owned subsidiary of Hughes, and Bharti Airtel Limited ("Airtel"), a leading Indian telecom provider affiliated with Bharti, are in the process of combining their satellite broadband operations in India. The merger, which was announced in 2019, is pending regulatory approvals and is expected to bring greater scale, operational efficiencies and market reach to deliver solutions for enterprise and government networks.

www.hughes.com


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