Skip to content
Search

Latest Stories

OneWeb plans to shift manufacturing from US to UK

OneWeb plans to shift manufacturing from US to UK

GLOBAL telecoms network operator OneWeb - which is backed by India's Bharti Enterprises - has unveiled plans to start building its satellites in the UK by 2025.

It currently has a manufacturing facility in a joint venture with Airbus’ defence and space arm in Florida.


OneWeb’s head of government affairs, Chris McLaughlin told the Commons science and technology committee that the shifting of its manufacturing across the Atlantic could cost £2.2 billion.

He said the funds could be raised via debt or it could be partly financed by the company’s revenues, without the government having to chip in.

The proposed shifting of OneWeb’s manufacturing base could result in the company splitting from Airbus, a Telegraph report said.

Bharti and the UK government infused capital into OneWeb to rescue it from bankruptcy last year. It also received additional investments from France’s Eutelsat, SoftBank and Hughes Network Group to strengthen its finances.

While Bharti is the largest shareholder in the London-headquartered company, the British government has a 24 per cent stake with a “golden share”.

With plans to have 588 low Earth orbit (LEO) satellites by the middle of next year, it is testing its services in Alaska ahead of a commercial launch.

OneWeb is also working with BT on launching a satellite internet service in the UK, the report said.

As satellites have a lifespan of six to seven years, OneWeb is working on a second-generation that would help the company foray into satellite navigation signal service.

It recently partnered with Neom Tech & Digital Holding Company in a £145.6m deal to bring high-speed connectivity to Saudi Arabia.

In October, OneWeb signed an agreement with Indian space agency Isro to use its facilities to launch satellites in 2022.

More For You

UK–Africa business summit 2025

UK–Africa business summit 2025

UK–Africa business summit 2025 highlights trade, technology and resilient partnerships

Highlights:

  • Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
  • Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
  • Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
  • Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.

The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.

Keep ReadingShow less
Modi & Trump

Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025.

Reuters

India, US to discuss trade issues after tariff hike

INDIA and the United States will hold trade discussions in New Delhi on Tuesday, officials and Indian media reports said, as the two countries look to resolve a tariff dispute.

India currently faces high US tariffs on most of its exports and has not yet been able to reach a trade deal that would ease the pressure.

Keep ReadingShow less
Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less