UK taxpayer faces £200m loss from bailout of OnewebSatellite bailout leaves Britain nursing losses as shares plunge to record low
A CGI image of a OneWeb satellite. (Credit: OneWeb) By Guy Taylor, Published by City AM, 27 December 2024 The UK taxpayer faces a £200m paper loss from the government’s decision to bailout satellite-internet company Oneweb. Imperilled Oneweb was saved by the government in 2020 after filing for bankruptcy. In