The satellite internet system developer is having cashflow issues having previously secured more than $3.4bn from a consortium of corporates including SoftBank and Qualcomm.

OneWeb, the UK-based satellite internet service developer that has raised $3.4bn in funding from investors including telecommunications and internet group SoftBank, is considering filing for bankruptcy, Bloomberg has reported. Founded in 2012, OneWeb is building up a constellation of some 650 satellites that will combine to provide high-speed internet coverage in remote areas for customers…

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