OneWeb Broadband Satellite Service Sold to UK Gov Consortium

The Government and Indian conglomerate Bharti Global have today made a successful £800m ($1bn) bid to acquire the British-registered space company OneWeb, which will see the UK invest £400m ($500m) in order to help build a new global network of Low Earth Orbit (LEO) satellites for ultrafast broadband and possibly GPS.

OneWeb Broadband Satellite Service Sold to UK Gov Consortium