https://sputnikglobe.com/20230731/chinas-past-attempt-to-take-over-oneweb-reportedly-investigated-by-uk-intelligence-1112269548.html
China’s Past Attempt to Take Over OneWeb Reportedly Investigated by UK Intelligence
China’s Past Attempt to Take Over OneWeb Reportedly Investigated by UK Intelligence
Sputnik International
British intelligence services reportedly investigated an attempt by China to take over the OneWeb in 2020. The investigation was conducted by MI5 before the UK government made an investment to rescue the satellite company.
2023-07-31T00:51+0000
2023-07-31T00:51+0000
2023-07-31T06:33+0000
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Chinese bidders, including the state-owned China Aerospace Science and Technology Corporation, were considering investment in the British satellite company before Boris Johnson’s government rescued OneWeb, media reported on Sunday. The security report cited by the newspaper says there was an "investigation of the implications of a Chinese aerospace company’s [redacted] move to purchase a UK Low Earth Orbit satellite company, OneWeb." The investigation was conducted by MI5 before the UK government made an investment of around $500 million in taxpayer money to rescue the satellite company. In July of last year, French satellite operator Eutelsat announced the company's merger with the UK's OneWeb.
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china, united kingdom, uk, mi5, oneweb satellite company, report
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China’s Past Attempt to Take Over OneWeb Reportedly Investigated by UK Intelligence
00:51 GMT 31.07.2023 (Updated: 06:33 GMT 31.07.2023) MOSCOW (Sputnik) - British intelligence services investigated an attempt by China to take over the OneWeb satellite company after it declared bankruptcy in 2020, a British newspaper said, citing a report from Parliament’s Intelligence and Security Committee.
Chinese bidders, including the state-owned China Aerospace Science and Technology Corporation, were considering investment in the British satellite company before Boris Johnson’s government rescued OneWeb, media reported on Sunday.
The security report cited by the newspaper says there was an "investigation of the implications of a Chinese aerospace company’s [redacted] move to purchase a UK Low Earth Orbit satellite company, OneWeb."
The investigation was conducted by MI5 before the UK government made an investment of around $500 million in taxpayer money to rescue the satellite company.
In July of last year, French satellite operator Eutelsat announced the company's merger with the UK's OneWeb.
