Telkom Kenya is no longer pursuing a proposed joint venture transaction with the Kenyan unit of India’s telco giant Bharti Airtel. Bharti Airtel had said in February last year that its Airtel Networks Kenya unit had agreed to buy Telkom Kenya, the East African nation’s smallest operator in which the government still has a 40 […]
Would-be mega-constellation OneWeb, which is in Chapter 11 bankruptcy organisation, has been granted a 90-day extension of the timetable to produce a formal plan as to how it might exit Chapter 11. OneWeb is in the process of being acquired by the UK government along with Indian telco Bharti Global who have both promised to […]
OneWeb, now in the process of being acquired by the British government and Indian telco giant Bharti Global, is going ahead with building satellites ahead of any decision to incorporate the UK’s plans for a rival global positioning system to rival Europe’s Galileo. OneWeb’s bankruptcy court permitted the British and Indian joint-venture, (called ‘BidCo 100’) […]
OneWeb is now well on its way to being bought by a joint-venture between the UK government and India telco Bharti Global. A US bankruptcy court approved the sale of OneWeb to the consortium on July 10th in return for a guaranteed $1 billion sum which will be paid 50/50 by the UK and Bharti. […]
The joint bid for OneWeb’s assets by the UK government and India telco giant Bharti should get outline approval from the New York Southern District Bankruptcy Court today, July 10th. There are still a few formal logistical steps to be negotiated and the purchase is not likely to be totally signed off until November 27th […]
Ottawa-based Telesat has reportedly entered a bid for OneWeb’s satellite assets. But it isn’t alone. There will be an auction process on July 2nd in New York. The UK is widely reported to have committed to a $500 million (£405m) participation for a 20 per cent stake in OneWeb. The UK bid is said to […]