UK Government and Bharti Global acquisition of OneWeb
A UK Government-led consortium bought OneWeb out of US bankruptcy proceedings to complete its low Earth orbit constellation.
- Company
- OneWeb
- Type
- Strategic investment
- Status
- Completed
- Date
- 3 Jul 2020
- Value
- US$1bn
- Value basis
- US$500m from the UK Government and US$500m from Bharti Global
- Region
- UK
- Segment
- Satellite operators
Parties
- OneWeb issuer
- UK Government investor
- Bharti Global investor
Key terms
- Conditions
- US court approval and regulatory clearances
- Governance
- Bharti to lead commercial and operations; the UK Government takes a significant equity share
- Later investors
- Eutelsat joined the UK Government and Bharti as a shareholder in 2021
Sources
- UK Government: UK government to acquire cutting-edge satellite network gov.uk · 3 Jul 2020
- BEIS: ministerial direction for the purchase of OneWeb gov.uk · 21 Jul 2020
- Eutelsat press release: investment in OneWeb alongside the UK Government and Bharti Global (filed with the AMF) echanges.dila.gouv.fr · 27 Apr 2021
Record ORB-INV-2020-0015. Investments are kept apart from the financings register and never counted in debt totals.
