India’s Bharti Airtel and UK buy satellite firm

Indian telecom giant Bharti Enterprises and the UK government have jointly purchased at auction the bankrupt satellite operator OneWeb, according to media reports. The UK government will invest US$500 million, while Bharti Global, an arm of Sunil Mittal’s conglomerate Bharti Enterprises, will also invest a similar sum. The deal will allow OneWeb to complete the […]