Written question asked by Lord Bowness (Crossbench) on Tuesday, 11 January 2022, in the House of Lords. It was due for an answer on Tuesday, 25 January 2022. It was answered by Lord Callanan (Conservative) on Tuesday, 25 January 2022 on behalf of the Department for Business, Energy and Industrial Strategy.
OneWeb: Government Shareholding
- Question
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To ask Her Majesty's Government whether their golden share in OneWeb enables them to influence policy decisions, or whether they are limited to preventing disposals of shares; what percentage of the share capital in OneWeb they hold; and what financial benefits have been received since their purchase of the company.
- Answer
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The Government’s golden share in OneWeb provides us with the final say over any future sale of the company and over future access to OneWeb technology by other countries on national security grounds. The Government will own an approximate 17.6% stake in OneWeb when Hanwha System’s investment closes later this year.
Secondary information
- Type
- Written question
- Reference
- HL5304
- Session
- 2021-22
- Subjects
- Government shareholding Satellites OneWeb
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-01-25 17:16:55 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL5304
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL5304
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL5304