In July 2020, the UK government joined a consortium led by Bharti Global to acquire OneWeb out of bankruptcy.

Bharti, a major player in telecommunications, became one of the largest stakeholders in the OneWeb project. This strategic move, encouraged by the growing global emphasis on space-based connectivity and digital infrastructure, played a crucial role in rescuing OneWeb from near-bankruptcy. Bharti’s investment highlights how non-space companies can find strong synergies between their core business and space technologies, particularly in areas like global broadband access.

Additional Source: https://www.bharti.com/press-release-2023-2024-eutelsat-and-oneweb-merges-to-create-worlds-first-geo-leo-satellite-space-connectivity-company.html