The UK government to acquire satellite company OneWeb in deal funded in part by India’s Bharti Global

Distressed satellite constellation operator OneWeb, which had entered bankruptcy protection proceedings at the end of March, has completed a sale process, with a consortium led by the U.K. Government as the winner. The group, which includes funding from India’s Bharti Global — part of business magnate Sunil Mittal’s Bharti Enterprises — plan to pursue OneWeb’s … Continue reading The UK government to acquire satellite company OneWeb in deal funded in part by India’s Bharti Global