UK GOVERNMENT CONSORTIUM LED BY BHARTI ENTERPRISES WINS BID FOR ONEWEB

Sunil Bharti Mittal, Chairman Bharti Enterprises.

• OneWeb to provide high speed, low latency wireless broadband connectivity to billions in rural areas across the globe
• Offers strategic opportunities across a wide range of other applications and working with a broad range of international partners

Friday, July 3, 2020, New Delhi / London: Bharti Enterprises (“Bharti”), one of India’s leading business groups, today announced that a UK Government consortium led by Bharti has won the bid for OneWeb. The deal will enable OneWeb to complete the construction of a global satellite constellation that will provide enhanced broadband and other services to mobile and fixed terminals in countries around the world. OneWeb was formed with a mission to offer high speed, low latency wireless broadband access to billions of people across the globe, especially in rural areas through a constellation of satellites in low earth orbit. Bharti was one of the founding members of OneWeb and had a strategic stake in the company.

Commenting on the development, Sunil Bharti Mittal, Chairman Bharti Enterprises said: “I am delighted that Bharti will be leading the effort to deliver the promise of universal broadband connectivity through OneWeb, with the active support and participation of the British Government.”

“In addition to the strategic opportunities across a wide range of other applications and working with a broad range of international partners, this business has substantial commercial use cases across the telecoms, enterprise, aviation and maritime sectors. With strong operational execution, we will be able to generate an attractive return for investors, while ensuring that Britain plays a leading role in space and next generation communications.”

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