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Tag: Satellite communication

Satellite communication company OneWeb acquired by UK Government and India based Bharti Global
ACQUISITION

Satellite communication company OneWeb acquired by UK Government and India based Bharti Global

LONDON, July 3, 2020 -- Satellite communications company OneWeb has entered into an agreement with a consortium led by HMG (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and India based Bharti Global Limited for the acquisition of the OneWeb business. A consortium of Her Majesty's Government (HMG) (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global Limited has committed to providing more than USD $1 billion funds to restart of its business operations. OneWeb will look to resume operations as soon as possible and continue with progress towards providing global high-speed, low latency connectivity via its state-of-the-art satellite constellation. ALSO READ: Sunil Bharti Backed OneWeb To Build 15 Int...