OneWeb sustains $230m document after terminated Russian introduces

UK-based satellite company OneWeb has actually verified a $229 million write-down of properties adhering to the termination of intended launches from a Russian center previously this year.

The firm, which is part-owned by the UK federal government, is constructing a constellation of 650 Low Earth Orbit (LEO) to provide connection to a few of one of the most remote components of the globe, changing customer solutions, in-flight Wi-Fi, as well as commercial applications.