OneWeb is now well on its way to being bought by a joint-venture between the UK government and India telco Bharti Global. A US bankruptcy court approved the sale of OneWeb to the consortium on July 10th in return for a guaranteed $1 billion sum which will be paid 50/50 by the UK and Bharti. […]
Alok Sharma, the UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS), and the man about to be responsible for running the UK’s arm of OneWeb, told a House of Commons all-party BEIS scrutiny committee that utilising OneWeb as a replacement for Europe’s Galileo GPS system was not key to the acquisition. However, […]
The joint bid for OneWeb’s assets by the UK government and India telco giant Bharti should get outline approval from the New York Southern District Bankruptcy Court today, July 10th. There are still a few formal logistical steps to be negotiated and the purchase is not likely to be totally signed off until November 27th […]
A UK parliamentary sub-committee is asking some tough questions of the British government about its commitment to buy OneWeb out of bankruptcy. The government’s Dept. of Business Energy and Industrial Strategy (BEIS) was posed the questions by the all-party subcommittee (“the Business, Energy and Industrial Strategy Select Committee”) which is chaired currently by a Labour […]
The Inmarsat and Deutsche Telekom-developed European Aviation Network (EAN) is open to all aircraft including those registered or operating out of the UK as well as the other 27 European nations plus Norway and Switzerland. A recent report suggested that there might be problems for a rival UK service to Europe’s Galileo satellite positioning system […]
The British government is spending an initial $500 million (€444.9m),to take a reported 45 per cent stake in the consortium which includes Indian giant telco Bharti Global (paying a similar sum for a 45 per cent holding) to acquire bankrupt satellite constellation OneWeb Global Ltd. The UK has confirmed it will receive a “significant equity […]
Ottawa-based Telesat has reportedly entered a bid for OneWeb’s satellite assets. But it isn’t alone. There will be an auction process on July 2nd in New York. The UK is widely reported to have committed to a $500 million (£405m) participation for a 20 per cent stake in OneWeb. The UK bid is said to […]
The UK government is widely reported to have joined a consortium that is bidding for bankrupt OneWeb’s satellite system. The UK reportedly put £500 million (or possibly $500 million) into the consortium for a bid on June 26th. The UK’s interest in OneWeb is for a potential alternate space system to the EU’s Galileo GPS […]
June 26th is ‘Bidding Day’ for OneWeb’s assets. Would-be buyers have to enter their bids for OneWeb, which is in bankruptcy. If no – or inadequate – bids are entered, then the process goes forward to an auction of assets on July 2nd. The UK government is widely reported to have joined a consortium bidding […]
Airbus Defence & Space and OneWeb are in a joint-venture to build up to an initial 900 of OneWeb’s Low Earth Orbiting (LEO) satellites at a factory in Florida and a subsequent 1600 follow-on Generation 2 satellites. Airbus has formally objected to the bankruptcy court which is handling the upcoming sale or auction of OneWeb’s […]