Remember the UK's GPS?
OneWeb satellite internet company is officially reborn
The OneWeb satellite operator has formally emerged from bankruptcy.
Ownership has transferred to a new company with its principal shareholders now being the UK government and the Indian conglomerate Bharti Global Ltd.
The new holding takes possession of all the operator's assets, including the 74 satellites it has in orbit and all the ground infrastructure to support them.
It means the London-headquartered business can now crack on with building its broadband megaconstellation.
Sunil Bharti Mittal, the founder and chair of Bharti Global, said it was most gratifying to see the months of hard work put into the purchase come to a conclusion.
"It's a very good deal. If one had to roll the dice, this is the best one," he told BBC News.
"I come from the world of telecommunications. For me, this is now the next frontier."
OneWeb's plan is to take 648 spacecraft aloft to deliver internet connectivity to nearly all land and seas surfaces around the globe.
https://www.bbc.co.uk/news/science-environment-55016402
Only another two to two and a half billion required. Any guesses where that money will come from?
And is there the remotest possibility of my iPhone being able to use GPS-like signals from OneWeb? And even if it can, what will OneWeb add to all the other signals it can already use?