Brexit space deal 'huge statement of confidence' in power of Global Britain
Richard Tice explained Boris Johnson has made a “huge statement of confidence” for post-Brexit Britain after buying a substantial share in satellite operator OneWeb. The operator, which began as WorldVu in 2012, has 74 satellites already in orbit, as it ramped up launches immediately before collapsing in late March. The UK Government and Indian telecoms conglomerate Bharti Enterprises said last week they would together put up money to buy OneWeb.
Speaking to Brexit Watch, Mr Tice said: “I was just in the last few days when the Government confirmed that it has successfully bid to invest £400 million in a substantial stake in the satellite business called OneWeb.
“That’s a huge statement of confidence in building a network of low orbit satellites which could be really good for improving broadband signals all over the country.
“That was a real statement of intent and again, the Government does deserve credit for that.
“That is a post-Brexit opportunity and there are lots of them.”
Boris Johnson has invested £400million into Brexit space advancements
Richard Tice called the move a ‘statement of confidence’
The UK is looking at adding positioning technology to new satellites to complement and add resilience to the American GPS system, two sources with knowledge of the matter said, after the country exited the EU’s Galileo network as a result of Brexit.
That secondary payload could be built in Britain, the sources said.
The idea of providing internet services for remote regions is also attractive to the government.
The satellites, which have a lifespan of about five years and are assembled in a highly automated factory run with Airbus, cost in the region of £700,00 each, the sources said.
OneWeb was bought half by the UK and half by India
The rocket launches have run to around £55 million apiece, the sources said, carrying 34 satellites into orbit each time.
In a statement, Business Secretary Alok Sharma said: “This deal underlines the scale of Britain’s ambitions on the global stage.
“Our access to a global fleet of satellites has the potential to connect millions of people worldwide to broadband, many for the first time, and the deal presents the opportunity to further develop our strong advanced manufacturing base right here in the UK.”
Germany crisis: Brexit no deal collapse would be ‘DISASTER’ for Merkel [INSIGHT]
Francois hits back at Michel Barnier’s claim Brexit has no added value [VIDEO]
Boris Johnson crashes Brexit dinner to issue Barnier with deal warning [ANALYSIS]
EU citizens moving to the UK
Providing universal internet service via satellite has been a dream of numerous tech tycoons and companies over the years, including a failed Bill Gates-backed venture called Teledesic in the 1990s.
Wyler originally brought his idea for what would become OneWeb to Google in 2013. Only a year later, he left Google to team up with Elon Musk’s SpaceX.
That partnership ended too 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 – Project Kuiper.
You may be interested
Elvis gave teenage Priscilla drugs in bed during marathon sessions: 'I nearly DIED'admin - Aug 08, 2020
[ad_1] During one marathon session, the rock star gave his girlfriend, who was still at school, powerful drugs. In a…
Robin Williams death: New film exposes his ‘TERROR’ at the end ‘I’m not me anymore’admin - Aug 08, 2020
[ad_1] Robin Williams confessed in his final months, "I’m not me anymore." A professor of neurology said, "it amazed me…
James Bond: How Pierce Brosnan landed job of 007 'Waited YEARS'admin - Aug 08, 2020
[ad_1] James Bond has been played by many a man, with one of those coming in the form of Pierce…