UK government pays $500 million for stake in space startup OneWeb

clock • 3 min read
UK government pays $500 million to buy stake in space startup OneWeb
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UK government pays $500 million to buy stake in space startup OneWeb

OneWeb's emergence from bankruptcy means buyout by the UK government and Bharti Global can go ahead.

Broadband satellite constellation firm OneWeb announced last week that it had completed all relevant regulatory approvals to allow the sale of the company to a new group led by the UK government an...

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