OneWeb moves satellite production to the UK injecting £2.3bn into space sector December 8, 2021 Taxpayer-backed satellite operator OneWeb has announced this afternoon that it plans to spend $3bn (£2.2bn) to move manufacturing from the US to the UK.
OneWeb scores $500m injection from India’s Bharti Global ahead of satellite launch June 30, 2021 OneWeb has received an investment injection of $500m today from business giant Bharti Global, making the Indian conglomerate the start-up’s largest shareholder. Just days after the UK space start-up inked a deal with BT, OneWeb, which currently has 218 satellites, is due to launch another 36 on Thursday. Bharti now has a 39 per cent [...]
Oneweb in talks to play role in new navigation system to rival GPS May 4, 2021 The government-backed satellite network Oneweb is reportedly in talks to build a UK navigation system in a bid to rival GPS. UK space officials are currently reviewing options for investment in position, navigation and timing (PNT) technology. The UK was forced out of the European Galileo satellite programme during Brexit negotiations so a new programme [...]
UK companies to help plot ‘constellation’ of satellites around the Moon May 20, 2021 UK space companies have begun developing navigation and telecommunication capabilities to put a ‘constellation’ of satellites around the Moon, according to the European Space Agency (ESA) today. With funding from the UK Space Agency, Surrey Satellite Technology Limited (SSTL), Inmarsat and MDA Space and Robotics have bagged £2m contracts with the ESA for the satellite [...]
Softbank leads $525m round in British drug developer Exscientia April 27, 2021 British pharmaceutical company Exscientia has received funding from Softbank Vision Fund just a month after closing its last investment round. Exscientia uses artificial intelligence to discover new drug molecules and has now designed two drugs that are in Phase 1 of clinical trials. The Oxford-based company today announced it had completed a $225m Series D [...]
Poor broadband can knock £40k off average London home: study December 10, 2020 Due to the global pandemic, many people have either chosen or have been forced to work from home. The shift out of the office and into people’s homes has changed the importance of factors people consider when purchasing a new property. Now, if a house has poor broadband, it will knock the house price down [...]
Inmarsat share price rises as Eutelsat confirms bid interest June 25, 2018 Shares in Inmarsat jumped today after European rival Eutelsat confirmed that it is considering an offer for the London-based satellite firm. The public interest from Eutelsat could spark a bidding war for the Old Street-headquartered Inmarsat, after US firm Echostar on Friday disclosed a stake in Inmarsat's equity and debt. Inmarsat has already rejected one approach [...]
Inmarsat bidders look to appease government ahead of $3.4bn takeover July 18, 2019 The private equity firms behind a $3.4bn (£2.6bn) bid for Inmarsat have agreed a number of undertakings with the government over the future of the satellite firm’s UK operations. Read more: Competition watchdog to probe $3.4bn Inmarsat takeover The consortium, led by Apax Partners and Warburg Pincus, said it will guarantee that the majority of [...]
Competition watchdog to probe $3.4bn Inmarsat takeover July 16, 2019 The competition watchdog has opened an investigation into the proposed $3.4bn (£2.6bn) takeover of satellite communications giant Inmarsat by a consortium of private equity firms. Read more: Inmarsat shareholders approve $3.4bn private equity takeover Inmarsat earlier this year unveiled a buyout deal led by Apax Partners and Warburg Pincus, who tabled a cash offer of [...]
Satellite firm Inmarsat ditches dividend ahead of $3.4bn private equity takeover August 1, 2019 Satellite company Inmarsat ditched its dividend today despite narrowing losses. The UK firm said it was not declaring an interim dividend, having declared a dividend of eight cents per share in the same period last year. The company said it was cutting its dividend in the light of the announcement of its proposed $3.4bn (£2.8bn) [...]