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U.K. government-led consortium scuppers Telesat’s reported bid for OneWeb

Briefs | 07/03/2020 4:38 pm EDT

A reported bid by Ottawa-headquartered satellite service provider Telesat Holdings Inc. to acquire competitor OneWeb has been unsuccessful, with a consortium including the U.K. government and Indian mobile network operator Bharti Global Limited acquiring a combined 90 per cent stake in the company in Thursday’s auction.

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