OneWeb to invest Rs250-300 cr to establish ground stations in India
Said Sunil Mittal, Chairman of Bharti Airtel, at an investor meeting
In India, Airtel will be a partner of choice for OneWeb
The move is as part of OneWeb’s launch of high-speed satellite broadband services in India
The company plans to launch the service next year
OneWeb is a global Low Earth Orbit (LEO) satellite communications company
Airtel’s equity participation in OneWeb’s India JV would be a small sum
It will be in the magnitude of $5-7 million only $5-7 million, said Mittal
