UK satellite firm OneWeb receives a $500M boost from Bharti

UK-based LEO (Low-Earth Orbit) satellite firm OneWeb is continuing a big news week with a $500 million investment from Bharti Global.

OneWeb received $1 billion from the UK Government and Bharti Global last year.

Rt. Hon Kwasi Kwarteng, MP, Secretary of State, BEIS, said:

“Today’s additional $500 million investment in OneWeb by Bharti marks yet another vote of confidence in the company from the market. It’s clear that investors see a strong future for...

Altice takes 12.1% stake in BT due to ‘compelling’ full-fibre opportunity

French telecoms giant Altice has taken a 12.1 percent stake in BT to become the company’s largest stakeholder.

Altice, a company owned by billionaire Patrick Drahi, has established a UK subsidiary for the purposes of holding a stake in BT.

Despite acquiring such a sizable stake in BT, Altice UK says that it does not intend to make a takeover bid of the country’s largest telecoms operator.

Altice UK says its interest in BT is due to the “compelling...

UK’s National Cyber Force is unveiled after months of speculation

British Prime Minister Boris Johnson has officially unveiled the National Cyber Force (NCF) after months of speculation about its existence.

On Thursday, PM Johnson pledged £24.1 billion for the military over the next four years to 

cement the UK’s position as the largest defence spender in Europe and the second-largest in NATO after the US.

“The international situation is more perilous and more intensely competitive than at any time since the Cold...

French Finance Minister: ‘We won’t ban Huawei from investing in 5G’

French Finance Minister Bruno Le Maire has said the country will not ban Huawei from investing in 5G, in stark contrast to the UK.

Speaking to France Info radio, Le Maire said that sensitive locations would be protected by there would not be a “blanket ban” on Huawei.

The position is similar to the UK’s initial approach when the country permitted Huawei to have a role in national 5G networks back in January. At the time, the UK also attached conditions that Huawei...