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Written question asked by Lord Birt (Crossbench) on Thursday, 23 July 2020, in the House of Lords. It was due for an answer on Thursday, 6 August 2020. It was answered by Lord Callanan (Conservative) on Monday, 3 August 2020 on behalf of the Department for Business, Energy and Industrial Strategy.


Oneweb: Investment

Question

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 15 July (HL6348), how they propose to be publicly accountable for their investment in OneWeb.

Answer

The deal is subject to certain regulatory clearances and is expected to close before the end of the year.

We will have strong representation on the board, fully involved in setting the strategic direction of the business and developing the company’s business plan.

Mechanisms will be implemented for the continued monitoring and evaluation of the investment.


Secondary information

Type
Written question
Reference
HL7197
Session
2019-21
Related items
Satellites
Wednesday, 15 July 2020
Written questions
House of Lords
Subjects
Investment OneWeb
Contains statistics
Yes
Link
View this Written question on www.parliament.uk