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Bharti Enterprises makes UK-backed bid for OneWeb - report

2020-06-30 09:23:00| Telecompaper Headlines

(Telecompaper) Indian investor Sunil Mittal has submitted a bid for OneWeb, through his company Bharti Enterprises, reports Bloomberg. The offer has the backing of the UK government, people familiar with the matter said. 

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Sunil Mittal bids for bankrupt satellite company OneWeb supported by UK govt

2020-06-30 02:00:00| Total Telecom industry news

OneWeb, a UK-based low-Earth orbit (LEO) satellite company, has found itself under financial strain since its inception back in 2012. Despite backers including SoftBank, Airbus and Qualcomm, the satellite company has struggled to obtain financing, resulting in a slew of debts that now top $3.3 billion.   The company filed for bankruptcy in March this year citing financial strain caused by the pandemic…read more on TotalTele.com »

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Indias ban on Chinese apps could reshape mobile app ecosystem

2020-06-30 02:00:00| Total Telecom industry news

  Monday saw India deal a sharp digital blow to China by banning 59 of their apps, including TikTok and WeChat, on the grounds that they are mining Indian users’ data.   The Ministry of Electronics and Information Technology said that the issue was of “very deep and immediate concern&rdquo…read more on TotalTele.com »

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Category: Telecommunications

 

 

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