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UK plan for OneWeb rival to Galileo in doubt

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’) […]

July 20, 2020

US court approves UK/Bharti purchase of OneWeb

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. […]

July 13, 2020By Chris Forrester

UK expected to have OneWeb ‘golden share’

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 […]

July 10, 2020By Chris Forrester

Canada, India interested in OneWeb

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 […]

July 1, 2020By Chris Forrester