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The combination of the two companies would strengthen their position in the race to build a constellation of low-orbit satellites, challenging the likes Elon Musk’s Starlink.
The proposed takeover will leave the British government with a minority stake in the business it rescued from bankruptcy in partnership with India’s Bharti Global in July 2020, one of the sources said.
Eutelsat, OneWeb’s second-biggest shareholder behind Bharti with a 23% stake, declined to comment.
