OneWeb: Investment
(asked on 28th August 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the Government plans to invest in the OneWeb satellite system.
This question was answered on 8th September 2020
My Rt. Hon. Friend the Secretary of State confirmed that the Government will invest $500 million and take a significant equity share in OneWeb. This investment is made alongside Bharti Global Ltd. Bharti will provide the company commercial and operational leadership and bring OneWeb a revenue base to contribute towards its future success.