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BEIS

Viasat, Inmarsat merger gets security clearance

Viasat and Inmarsat have received the UK government’s approval for their proposed merger. The UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS) has announced that the transaction does not pose a risk to the UK’s national security. In March 2022, the companies committed to economic undertakings with BEIS, which underlined their pledge […]

September 16, 2022By Chris Forrester

OneWeb success not guaranteed

The UK will own about 45 per cent of OneWeb which it will formally buy once the satellite operator emerges from its Chapter 11 bankruptcy protection. Bharti of India is the other major investor in OneWeb. However, a meeting of the influential UK parliamentary all-party Business, Energy & Industrial Strategy (BEIS) committee has been held […]

September 21, 2020

Official: ‘UK OneWeb cash poor value’

UK senior civil servants have formally warned the government that its commitment to put $500 million into a joint venture with Bharti Global to buy bankrupt satellite operator OneWeb has a high risk of losing all the investment. OneWeb is currently totally unprofitable and it is likely to need considerable further investments for satellite building […]

July 23, 2020By Chris Forrester

UK must answer questions on OneWeb purchase

A UK parliamentary sub-committee is asking some tough questions of the British government about its commitment to buy OneWeb out of bankruptcy. The government’s Dept. of Business Energy and Industrial Strategy (BEIS) was posed the questions by the all-party subcommittee (“the Business, Energy and Industrial Strategy Select Committee”) which is chaired currently by a Labour […]

July 8, 2020