UK govt, Indian firm rescue satellite operator Oneweb

LONDON (AFP) – The United Kingdom (UK) government and Indian telecoms giant Bharti are to take control of collapsed satellite firm Oneweb, they said on Friday, as Britain seeks to expand its post-Brexit space capability.

Britain and Bharti will each invest USD500 million (EUR444 million) into Oneweb, the UK government said in a statement, after it departed the European Union’s (EU’s) Galileo satellite programme with its exit from the bloc earlier this year.

The deal is aimed at delivering Britain’s “first UK sovereign space capability” since it departed from the EU on January 31, said a statement on Friday.

This 2019 file photo shows Sunil Bharti Mittal Founder and Chairman of India’s Bharti Enterprises at Hotel Marigny in Paris. PHOTO: AFP