OneWeb:Written question - 69544

Asked by Chi Onwurah
(Newcastle upon Tyne Central)
Asked on: 06 July 2020
Department for Business, Energy and Industrial Strategy
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he had with the UK Space Agency prior to the purchase of Oneweb.
Answered by: Amanda Solloway
Answered on: 14 July 2020

The Government collectively reviewed and agreed to lead a successful bid to acquire OneWeb, who develop cutting-edge satellite technology in the UK and in the United States.

This investment is likely to make an economic return, with due diligence showing a strong commercial basis for investment. The deal contributes to the government’s plan to join the first rank of space nations, and signals the government’s ambition for the UK to be a pioneer in the research, development, manufacturing, and exploitation of novel satellite technologies enabling enhanced broadband through the ownership of a fleet of Low Earth orbit satellites.

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