Oneweb
(asked on 18th October 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government what is the current value of their interest in OneWeb.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 1st November 2022
The value of the Government’s holding in OneWeb as at 31 March 2022 is £376m which is accounted for under the equity method of accounting and represents the latest point at which the Government valued the investment. The original equity investment was for £374m.