The UK has pledged to invest ~£500M in OneWeb equity deal after the company failed to secure ~$2B in new funding from investors; UK could end up with +20% stake (Financial Times)

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Financial Times:
The UK has pledged to invest ~£500M in OneWeb equity deal after the company failed to secure ~$2B in new funding from investors; UK could end up with +20% stake  —  Move comes as government explores options for global navigation system  —  Boris Johnson has pledged hundreds of millions …

from Techmeme https://ift.tt/3869e6r