Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government whether they proceeded with their announced investment of £400 million in the company OneWeb; and what additional capability they planned to acquire through any such investment.
The Government (announced 3 July) led a successful bid to acquire OneWeb, which develops cutting-edge satellite technology in the UK and in the US.
OneWeb has the potential to operate a global network of small satellites, known as a mega constellation, which can connect the world to broadband, and other services from space.
OneWeb aims to provide broadband to millions of people, particularly those otherwise without connectivity otherwise in remote and rural locations.
We will be able to provide more detail on how OneWeb will support the UK once Chapter 11 proceedings have been completed.