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OneWeb: Government Shareholding

Question for Department for Business, Energy and Industrial Strategy

UIN HL5304, tabled on 11 January 2022

To ask Her Majesty's Government whether their golden share in OneWeb enables them to influence policy decisions, or whether they are limited to preventing disposals of shares; what percentage of the share capital in OneWeb they hold; and what financial benefits have been received since their purchase of the company.

Answered on

25 January 2022

The Government’s golden share in OneWeb provides us with the final say over any future sale of the company and over future access to OneWeb technology by other countries on national security grounds. The Government will own an approximate 17.6% stake in OneWeb when Hanwha System’s investment closes later this year.