BUSINESS

UK’s satellite tech firm bid with India’s Bharti under Parliament scrutiny

U.K., Bharti bid for OneWeb under scrutiny

A U.K. parliamentary panel has launched an inquiry into the U.K. government’s successful bid to acquire satellite technology firm OneWeb along with India’s Bharti Enterprises earlier this month. The winning bid has come under the scanner of the House of Commons’ Business, Energy and Industrial Strategy pane as “troubling and concerning” after it was alerted by a civil servant in the government’s business department over concerns around the investment. The U.K. was to invest $500 million in the firm.PTI

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