BRITISH SATELLITE FIRM ONEWEB EMERGES FROM BANKRUPTCY

(Reuters) - Satellite operator OneWeb said on Friday it has emerged from Chapter 11 bankruptcy protection with $1 billion (752.67 million pounds) in equity investment from a consortium of the UK Government and India's Bharti Enterprises, the new owners of the UK-based company. The investment puts OneWeb on track to compete with Elon Musk's SpaceX in the race to use low-Earth orbit satellites to ...