The U.K. is set to try and take on Elon Musk's Starlink in the race to beam high-speed internet from space after the acquisition of OneWeb.
The U.K. has pledged to invest $500 million in bankrupt satellite-broadband company OneWeb.
Like Starlink, OneWeb is aiming to establish a satellite network that can beam high-speed, low latency internet to Earth. The $1 billion-plus rescue bid was made through a consortium involving India's Bharti Global, which through Bharti Airtel, is the third-largest mobile operator in the world, with over 425 million customers.
"The deal underlines the scale of Britain's ambitions on the global stage," said Sharma. "Our access to a global fleet of satellites has the potential to connect millions of people worldwide to broadband, many for the first time, and the deal presents the opportunity to further develop our strong advanced manufacturing base right here in the U.K."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kanye West Can't Dress, and Neither Can Elon MuskClose your eyes and imagine with me: Before you are two dads, one recent, one not so recent. They’re here to sell you some harebrained invention, something about a robot angel that delivers shoes that are also cars to hungry children living in the core of the moon. Their names are Elon Musk and Kanye West. They claim to be the greatest living inventor and designer, geniuses plucked from an alternate dimension where science is God and the pursuit of knowledge and perfection are the purpose of humanity. As you listen to them speak, you begin to take in what they’re wearing. Are those... bootcut jeans? And a wrinkled and cheaply screen printed black t-shirt? And what’s going on with the orange bomber jacket and leather-look pants. Weren’t these guys supposed to be the peak of human perfection?\n
Read more »
Elon Musk poses a 'serious risk of reputational harm' to Tesla, advisory firm warnsA major advisory firm is urging Tesla shareholders to remove CEO Elon Musk from the company's board, citing 'a number of concerns' ranging from his erratic Twitter use, his rush to reopen amid COVID-19 and his 'excessive' compensation package.
Read more »
Elon Musk is selling his LA homes to a luxury real-estate developer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Musk says Tesla is building 'RNA microfactories' for CureVacTesla Inc is building 'RNA microfactories' for coronavirus vaccine developer CureVac in Germany, the electric carmaker's chief executive officer, Elon Musk, tweeted on Wednesday.
Read more »