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Bharti group buys strategic minority stake in OneWeb: Report

26 Jun 2015 Evaluate

Bharti group has reportedly bought a strategic minority stake in OneWeb. Other investors in OneWeb include Qualcomm Incorporated, Virgin Group, Airbus Group, The Coca-Cola Company, Intelsat and Grupo Salinas.

Bharti Airtel, a Bharti group company, will be a preferred distributor of the service in India, Bangladesh, Sri Lanka and Africa, with a strong focus on rural markets. It will also have representation on the OneWeb board. The company can leverage its investment by becoming a preferred distributor of these services across its operations. The company’s mobile networks cater to about 1.85 billion people.

OneWeb is a satellite internet company that seeks to provide affordable internet access in rural and remote areas across the world. Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

 

Bharti Airtel Share Price

1870.35 18.30 (0.99%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1870.35
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