Near-earth Satellites
Debate between Baroness Eaton and Lord Evans of Rainow
Lord Evans of Rainow (Con)
As I said just a moment ago, we are world leaders in this. My honourable friend Minister George Freeman announced the first ever UK plan for space sustainability—an ambitious package showing UK leadership and commitment on this issue. The Minister also chairs the space sustainability round table, bringing together key members from industry, finance, insurance and academia to focus on the key issues of space sustainability. I assure the noble Lord that Great Britain is leading this way on this with our European and international partners.
Baroness Eaton (Con)
My Lords, I welcome the merger, but can my noble friend the Minister tell the House what influence the French Government will have as a result of it?
Lord Evans of Rainow (Con)
My Lords, France holds a 13.58% in the Eutelsat group through the Public Investment Bank, or BPI, and its sovereign wealth fund. His Majesty’s Government now have a 10.8% share in the Eutelsat group and retain their existing special rights and vetoes via a special share in OneWeb. His Majesty’s Government can appoint one director to the board of the Eutelsat group and one director to OneWeb’s board, so Great Britain is in control of the merger and OneWeb’s role in it.