The UK has pledged to invest ~£500M in OneWeb equity deal after the company failed to secure ~$2B in new funding from investors; UK could end up with +20% stake (Financial Times)

studypoint 06:12 Techmeme

Financial Times:
The UK has pledged to invest ~£500M in OneWeb equity deal after the company failed to secure ~$2B in new funding from investors; UK could end up with +20% stake — Move comes as government explores options for global navigation system — Boris Johnson has pledged hundreds of millions …

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