Friday, February 3, 2023
198 United Kingdom News
No Result
View All Result
  • Home
  • Video News
  • Business News
  • Featured News
    • UK USA Trade News
    • UK EU News
    • UK Africa News
    • UK Gulf Nations News
    • UK China News
    • UK India News
    • UK Nigeria News
    • UK Egypt News
    • UK Brazil News
    • UK Thailand News
  • Political
  • Crypto
  • Tech
  • More News
    • Manufacture
    • Agriculture News
    • Immigration News
    • Education News
    • University News
    • Scholarship News
    • Venture Capital News
    • Joint Venture News
    • UK Partnerships
    • Business Help News
  • Ask Ike Lemuwa
  • Contact us
  • Home
  • Video News
  • Business News
  • Featured News
    • UK USA Trade News
    • UK EU News
    • UK Africa News
    • UK Gulf Nations News
    • UK China News
    • UK India News
    • UK Nigeria News
    • UK Egypt News
    • UK Brazil News
    • UK Thailand News
  • Political
  • Crypto
  • Tech
  • More News
    • Manufacture
    • Agriculture News
    • Immigration News
    • Education News
    • University News
    • Scholarship News
    • Venture Capital News
    • Joint Venture News
    • UK Partnerships
    • Business Help News
  • Ask Ike Lemuwa
  • Contact us
No Result
View All Result
198 United Kingdom News
No Result
View All Result

OneWeb takes on Elon Musk’s Starlink in £2.8 billion Eutelsat merger

198uknews_u1eiwy by 198uknews_u1eiwy
July 26, 2022
in Technology News
Reading Time: 2 mins read
A A
0
Home Technology News
Share on FacebookShare on Twitter

[ad_1]

B

ritish satellite tv for pc agency OneWeb has agreed a merger with French agency Eutelsat in a £2.8 billion deal because the pair look to tackle rival Elon Musk to supply international web connectivity from house.

Beneath the phrases of the deal OneWeb could be wholly owned by Eutelsat, with OneWeb shareholders buying and selling their stakes for Eutelsat shares.

OneWeb, which is part-owned by the UK authorities, would stay headquartered within the UK, whereas Paris-listed Eutelsat would search an extra London itemizing.

The transfer means the businesses would share a mixed 464 satellites, giving them the muscle energy to tackle the likes of Elon Musk’s SpaceX Starlink or Amazon’s Challenge Kuiper satellite tv for pc programme.

OneWeb was bailed out by the British authorities in 2020 to the tune of £400 million after it filed for chapter. OneWeb reportedly secured additional backing from Indian billionaire Sunil Bharti Mittal after conferences with Boris Johnson to debate the deal.

READ MORE

The Division for Enterprise, Vitality and Industrial Technique welcomed the merger determination, including the transfer would assist create a “single, highly effective, international house firm, engaged on the sound monetary footing wanted to take advantage of the technological benefits it has to compete within the highly-competitive international satellite tv for pc business.”

The federal government held a 33% stake within the agency previous to the merger and stated it could retain a stake in addition to nationwide safety controls over the OneWeb community, including the UK would stay the popular location for future OneWeb launches.

Billionaire Elon Musk’s Starlink programme guarantees to ship broadband speeds of as much as 200 megabits per second, charging households £89 per 30 days for the privilege.

[ad_2]

Source link

Tags: BILLIONElonEutelsatmergerMusksOneWebStarlinktakes
Previous Post

Thousands and thousands face ‘unmanageable’ vitality payments money owed except authorities urgently affords extra assist, MPs warn

Next Post

Arbuthnot Industrial ABL gives £3.2m to help acquisition of ABS Precision Ltd

Related Posts

Technology News

Secret Google codes you possibly can sort to unlock HIDDEN options and video games

by 198uknews_u1eiwy
July 28, 2022
Technology News

Meta needs to let folks publish coronavirus misinformation on Fb and Instagram

by 198uknews_u1eiwy
July 27, 2022
Technology News

Finest Pokémon of each kind in Pokémon Legends: Arceus

by 198uknews_u1eiwy
July 25, 2022
Technology News

Scientists discover the key to delivery of earliest black holes within the Cosmos

by 198uknews_u1eiwy
July 24, 2022
Technology News

When is the brand new iPhone 14 rumoured to be popping out? Launch date, worth, particulars

by 198uknews_u1eiwy
July 23, 2022
Next Post

Arbuthnot Industrial ABL gives £3.2m to help acquisition of ABS Precision Ltd

EV Makers Suppose They’ve Figured Out What Ladies Need

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Chick-fil-A location underneath hearth for providing ‘volunteers’ a wage of 5 entrees per hour

July 28, 2022

Important Data to Know About Air Ambulance Providers All through Europe

July 28, 2022

Secret Google codes you possibly can sort to unlock HIDDEN options and video games

July 28, 2022

Rugby Championship beneath fireplace for persisting with 20-minute purple card trial

July 28, 2022

NFU membership charges face rise to fill funds hole

July 28, 2022

The Staff GB Commonwealth Video games 2022 stars you could know

July 28, 2022
198 United Kingdom News

198 United Kingdom News is known as the home of both modern parliamentary democracy and the Industrial Revolution.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198uknews.com

CATEGORIES

  • Agriculture News
  • Business Help News
  • Business News from around the World
  • Education News
  • Immigration News
  • Joint Venture News
  • Manufacture News
  • Political News
  • Scholarship News
  • Technology News
  • UK Africa News
  • UK Brazil News
  • UK China News
  • UK Crypto News
  • UK Egypt News
  • UK EU News
  • UK Gulf Nations News
  • UK India News
  • UK Nigeria News
  • UK Partnerships
  • UK Thailand News
  • UK USA Trade News
  • University News
  • Venture Capital News
  • Video News from around the world

LATEST UPDATES

  • Chick-fil-A location underneath hearth for providing ‘volunteers’ a wage of 5 entrees per hour
  • Important Data to Know About Air Ambulance Providers All through Europe
  • Secret Google codes you possibly can sort to unlock HIDDEN options and video games
  • Rugby Championship beneath fireplace for persisting with 20-minute purple card trial
  • NFU membership charges face rise to fill funds hole
  • The Staff GB Commonwealth Video games 2022 stars you could know
  • Bitcoin jumps above $23,000 after Federal Reserve rate of interest hike
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - 198 United Kingdom News.

No Result
View All Result
  • Home
  • Video News
  • Business News
  • Featured News
    • UK USA Trade News
    • UK EU News
    • UK Africa News
    • UK Gulf Nations News
    • UK China News
    • UK India News
    • UK Nigeria News
    • UK Egypt News
    • UK Brazil News
    • UK Thailand News
  • Political
  • Crypto
  • Tech
  • More News
    • Manufacture
    • Agriculture News
    • Immigration News
    • Education News
    • University News
    • Scholarship News
    • Venture Capital News
    • Joint Venture News
    • UK Partnerships
    • Business Help News
  • Ask Ike Lemuwa
  • Contact us

Copyright © 2022 - 198 United Kingdom News.