{"id":59963,"date":"2020-04-13T17:21:45","date_gmt":"2020-04-13T09:21:45","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/report-oneweb-turns-to-uk-government-for-support\/"},"modified":"2020-04-13T17:21:45","modified_gmt":"2020-04-13T09:21:45","slug":"report-oneweb-turns-to-uk-government-for-support","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/report-oneweb-turns-to-uk-government-for-support\/","title":{"rendered":"Report: OneWeb Turns to UK Government for Support"},"content":{"rendered":"<\/p>\n<p><strong>Oneweb<\/strong> has appealed to the [U.K.] Government for a rescue loan as the bankrupt satellite business hunts for a lifeline after a planned investment from Japanese giant <strong>SoftBank<\/strong> collapsed.<\/p>\n<p>The British satellite company, which filed for Chapter 11 protection in the US, has held talks on whether a state-backed loan could provide urgent funding needed to revive the business.<\/p>\n<p>In a letter to Downing Street, OneWeb is understood to have offered to move its entire operations from Florida to Britain. Ministers were told that transforming the business into a UK-centric operation could address ongoing security concerns about Britain\u2019s telecoms network and deliver on the Government\u2019s pledge to bring faster broadband to rural areas by 2025. Meanwhile, a warning was issued that without a taxpayer-backed loan, OneWeb\u2019s cutting-edge technology could fall into foreign hands, sources said.<\/p>\n<p style=\"text-align: right;\"><em>Read more from The Telegraph &gt;&gt;&gt;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oneweb has appealed to the [U.K.] Government for a rescue loan as the bankrupt satellite business hunts for a lifeline after a planned investment from Japanese giant SoftBank collapsed. The British satellite company, which filed for Chapter 11 protection in the US, has held talks on whether a state-backed loan could provide urgent funding needed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":59964,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-59963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/59963"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=59963"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/59963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/59964"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=59963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=59963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=59963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}