Investment with India made in US firm OneWeb after Brexit locks UK out of Europe’s satellite navigation system
The UK government has pledged to invest $500m (£400m) in bankrupt satellite company OneWeb, giving it a stake in a business that provides broadband from space.
The government will receive a “significant equity share” in the firm as it seeks to make “high-risk, high-reward” investments in promising technologies.
Continue reading...from Mergers and acquisitions | The Guardian https://ift.tt/31JJHyO
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