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Written question asked by Nick Smith (Labour) on Wednesday, 10 February 2021, in the House of Commons. It was due for an answer on Monday, 22 February 2021 (named day). It was answered by Amanda Solloway (Conservative) on Monday, 22 February 2021 on behalf of the Department for Business, Energy and Industrial Strategy.


OneWeb

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much further investment in OneWeb his Department estimates will be made by Bharti Global Ltd in (a) the next 12 months and (b) the next 36 months.

Answer

Details of further investment into OneWeb are a commercial matter for the company.

The UK Government’s focus is on securing additional private investment. We are in discussions with a range of potential partners about future funding and bringing in additional shareholders.


Secondary information

Type
Written question
Reference
152466
Session
2019-21
Related items
OneWeb: Finance
Monday, 26 April 2021
Written questions
House of Commons
Subjects
Foreign investment in UK OneWeb Bharti
Contains statistics
Yes
Link
View this Written question on www.parliament.uk