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Investigation Reveals Chinese Attempt to Take Over Bankrupt OneWeb

Moscow, Jul 31 (Sputnik) .- British intelligence services have investigated an attempt by China to take over satellite company OneWeb after declaring bankruptcy in 2020, The Telegraph reports, citing a report by Parliament’s Intelligence and Security Committee.

“MI5 investigated an attempted Chinese takeover of British satellite company OneWeb before (former British Prime Minister) Boris Johnson’s government bailed out the company by paying £400m in taxpayers’ money,” pointed to the middle.

The paper explains that national security concerns stemmed from the possible sale of OneWeb to French satellite giant Eutelsat, which is partly owned by a Beijing-linked investment firm whose possible investors included the China Aerospace Science and Technology Corporation. .

The company was acquired as part of a joint venture between the British government and the Indian telecommunications giant Bharti Global, which allowed the United Kingdom to “veto the use of the service by other countries for reasons of national security,” he recalls. the text.

The OneWeb project aims to provide high-speed Internet access to users around the world by 2027. The project provides for the launch of 684 satellites. In November 2020, OneWeb filed for bankruptcy and was sold to the UK government and the Indian company Bharti Global. (Sputnik)

2023-07-31 03:26:04
#British #intelligence #investigated #Chinas #attempt #OneWeb

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