India Telecoms News

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Financial & Performance

Eutelsat/OneWeb: UK’s £500m LEO satellite bet loses two-thirds of value in six years

As now-parent Eutelsat painfully pivots from geostationary to low Earth orbit infrastructure, the UK’s £342m loss on its controversial OneWeb rescue faces fresh scrutiny. Despite the substantial loss of value, government officials maintain that LEO commitment remains crucial to the nation.