Investment with India made in US firm OneWeb after Brexit locks UK out of Europe’s satellite navigation systemThe 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…
Via: UK buys £400m stake in bankrupt satellite rival to EU Galileo system
Categories: English News