Indian conglomerate Bharti and the British authorities have received an public sale for collapsed satellite tv for pc broadband operator OneWeb, an individual conversant in the scenario advised Reuters.
Prime Minister Boris Johnson’s authorities has pledged 500 million kilos ($623 million) in fairness and the 2 teams are speaking to different traders about getting into the consortium. The UK is predicted to carry round a 20% stake.
OneWeb filed for Chapter 11 chapter on the finish of March after its largest investor SoftBank Group Corp pulled funding, with an public sale held on Thursday.
The particular person was talking on the situation of anonymity as a result of the small print haven’t been made public.
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