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OneWeb successfully launches 36 satellites from Russian cosmodrome msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Bharti will invest an additional $500 million (over Rs 3,700 crore) into OneWeb to become the largest shareholder in the satellite communications company that billionaire Sunil Mittal-run Bharti Group along with the UK government had rescued from bankruptcy last year. The investment is a result of exercise of a ‘call option’ by Bharti. On completion of the transaction and with Eutelsat’s $550 million investment, Bharti will hold 38.6 per cent. The UK government, Eutelsat and SoftBank will each own 19.3 per cent, OneWeb said in a statement. Advertisement The transaction is expected to be completed in the second half of 2021, subject to regulatory approval. ....
Stocks in news: IRCTC, Cipla, Ruchi Soya, Emami Realty, IndusInd Bank and more businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Bharti to become largest stakeholder of OneWeb; to invest additional Rs 3,700 cr businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Bharti to invest Rs 3,700 cr into OneWeb; to become largest shareholder business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.