Richard Tice said Boris Johnson made a “huge declaration of confidence” for Britain after Brexit after buying a large share of the satellite operator OneWeb. The operator, which started as WorldVu in 2012, already has 74 satellites in orbit because it accelerated its launches immediately before collapsing in late March. The British government and Indian telecom conglomerate Bharti Enterprises said last week that they were going to put together money to buy OneWeb.
“It was a true declaration of intent and, once again, the government deserves this credit.
“This is a post-Brexit opportunity and there are many. ”
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The UK plans to add positioning technology to new satellites to complement and enhance the resilience of the US GPS system, two sources familiar with the matter said after the country left the Galileo network from the EU to the following Brexit.
The secondary payload could be built in Britain, sources said.
The idea of providing Internet services for remote areas is also attractive to the government.
The satellites, which have a lifespan of around five years and are assembled in a highly automated factory run by Airbus, cost around £ 700.00 each, sources said.
Providing universal Internet service via satellite has been the dream of many tycoons and tech companies over the years, including a failed business supported by Bill Gates called Teledesic in the 1990s.
Wyler initially brought his idea of what was to become OneWeb to Google in 2013. A year later, he left Google to team up with Elon Musk’s SpaceX.
This partnership also ended and OneWeb went it alone.
Musk and SpaceX are now building a rival constellation, Starlink, while Amazon founder Jeff Bezos is also developing a space Internet business – the Kuiper Project.