A satellite broadband company bailed out by British taxpayers is preparing for blast-off after an Indian tycoon ramped up his investment. Sunil Bharti Mittal, through his firm Bharti Global, yesterday exercised an option to increase his stake in Oneweb to 38.6 per cent. In exchange, he will pump an extra £360million into the business – … Read more
OneWeb and SpaceX, the powerhouses in the internet satellite industry, had dangerously close encounter last weekend that was out of this world. Two satellites from each firm came within 190 feet of each other in orbit April 4, which sparked several ‘red alerts’ from the US Space Force’s 18th Space Control Squadron, The Verge reports. … Read more
OneWeb, the satellite communications firm partly owned by the UK government, has launched another 36 satellites into orbit as part of its constellation. The British firm, which is also partly owned by Indian multinational Bharti, will operate broadband to remote areas of the world similar to Starlink by SpaceX. The latest 36 satellites were launched … Read more
British firm OneWeb is launching the first batch of broadband satellites into orbit since surviving bankruptcy in a bid to take on SpaceX‘s Starlink network. Now jointly owned by Indian conglomerate Bharti Global and the UK government, OneWeb will launch 36 satellites at 12:26 GMT from Russia on a Soyuz rocket. The firm has a … Read more
Space tycoon Charlie Ergen to invest £39m in satellite broadband firm rescued by Government By Daily Mail City & Finance Reporter Published: 21:58 BST, 27 July 2020 | Updated: 21:58 BST, 27 July 2020 Space tycoon Charlie Ergen is to invest £39m in a satellite broadband firm rescued by the Government. The American billionaire is … Read more
Britain buys space firm Oneweb in £800m deal that will boost efforts to create home-grown sat nav system, and help deliver super-fast broadband By Daily Mail City & Finance Reporter Published: 22:00 BST, 3 July 2020 | Updated: 22:17 BST, 3 July 2020 Britain has bought space firm Oneweb at auction in an £800m deal … Read more
Britain’s satellite race: Boris Johnson bids to secure £400m stake of US operator OneWeb as UK loses access to EU’s Galileo space system post-Brexit PM and chancellor Rishi Sunak signed off purchase of 20% stake in American operator last night OneWeb could deliver same civil/military tracking services as EU’s rival system UK-licensed OneWeb filed for … Read more