A UK parliamentary panel has launched an inquiry into the UK government’s successful bid made in early July 2020, to acquire OneWeb along with Bharti enterprises.

The winning bid hailed as reflective of the scale of Britain’s ambitions on the global stage by UK Business Secretary Alok Sharma has come under the scanner of the House of Commons Business, Energy and Industrial Strategy (BEIS) Committee as troubling and concerning.

As part of the deal, Sharma had confirmed that the UK will invest $500 million and take a significant equity share in OneWeb and another $500-million will come from Bharti Global Limited.

Announcing the deal in July 2020, BEIS has said that the deal between the UK and Bharti is intended to enable construction of a global satellite constellation that will provide enhanced broadband and other services to countries around the world.