Yup.

Just look at Iridium.

The difficulty, of course, is not that the existing sats will be abandoned, but that OneWeb’s deployment of the constellation will get paused, possibly long enough to lose its chance of reaching the size required to secure its frequencies.

What Edward said except for the following – “Communications between the satellites was designed to be only within each constellation.”

OneWeb’s satellites have no inter-satellite communications capability. Any communication between them has to go through ground stations. That is currently true of Starlink also, but inter-satellite comm links as well as on-orbit switching are planned for future versions of the Starlink birds, some of which may be launched later this year.

This is a big deal long-term because networks with no inter-satellite links will be both slower than those with such links and will also be subject to potential censorship of content at any ground station needed to relay content.

OneWeb deliberately crippled its network in this fashion to curry favor with totalitarian regimes such as those in Russia and China. In the case of Russia, OneWeb was also going to have to surrender half the revenue from Russian operations to Putin and his cronies. Even after making all these concessions the Russians still reneged on the tentative deal to allow OneWeb access to its market. That likely contributed to OneWeb’s financial difficulties.

A further, and perhaps even more consequential, contributor to OneWeb’s woes is that China already plans a LEO broadband constellation of its own and, so, can also ban OneWeb with no consequences. There’s also the high probability that the West in general, and the U.S. in particular, will be looking to unwind many of its current ties to China in the aftermath of the Covid-19 pandemic.

In the rest of the world, OneWeb is faced with the daunting challenge of competing on price and capacity with Starlink and perhaps, someday, even the still-notional Kuiper constellation Amazon has announced it intends to put up.

Ref– Oneweb–
I don’t have the time, but dig up the actual Filing.
It has a value to somebody, either the parts (I would defer to others) or as a potentially (18%… hmm) going-concern, but at a hugely steep haircut.
[this, however, is an extremely bad time to have cash flow problems]
Lower in the article is this gem–
“Musk’s SpaceX is working on the Starlink network, and Amazon has plans for its own satellite constellation named Kuiper, to provide broadband connectivity from space.”
Musk is totally on track to be THE low cost provider, and Bezo’s has deep pockets, tough to compete against that pair.

Probably not. The frequencies are different and the antennas are set up to work differently. Communications between the satellites was designed to be only within each constellation. In the case of bankruptcy, the best bet is for someone to buy OneWeb’s constellation and ground support and complete them.

Can SpaceX configure those satellites to work within their own system?