Boris Johnson is set to secure £400m stake in satellite operator OneWeb - News Summed Up

Boris Johnson is set to secure £400m stake in satellite operator OneWeb


Boris Johnson is set to secure the £400million part-purchase of satellite operator OneWeb, which could deliver the same civil and military tracking services as the EU's rival system Galileo. The Prime Minister and chancellor Rishi Sunak signed off the purchase of a 20% stake in American operator OneWeb Satellites last night. Boris Johnson is set to secure the £400m part-purchase of satellite operator OneWeb, which could deliver the same civil and military tracking services as the EU's rival system GalileoThe Prime Minister and chancellor Rishi Sunak signed off the purchase of a 20% stake in American operator OneWeb Satellites last night. Galileo is a global navigation satellite system created by the European Union which was brought online in 2016. The whole Galileo project is estimated to have cost around €10billion (£9bn).


Source: Daily Mail June 26, 2020 00:56 UTC



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