New Delhi, July 27 (TIWN) Hughes Network Systems, the global leader in broadband satellite networks and services, on Monday announced to invest $50 million in the Bharti Enterprise -led consortium of the UK government, to acquire the bankrupt satellite company OneWeb.

Hughes will also continue as a technology and distribution partner to OneWeb, the Low Earth Orbit (LEO) satellite operator which had launched 74 satellites beforefiling for Chapter 11 protection in March, said a statement.

“Our continuing and strengthened involvement with OneWeb extends naturally from our position as a leading geostationary satellite operator and ground network innovator, along with a meaningful partnership with Bharti and longstanding relationship with the UK through our business operations in both countries,” said Pradman Kaul, President, Hughes.

Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises said: “The investment by Hughes underlines OneWeb’s exciting commercial prospects, reflected in the ongoing discussions with some of the world’s leading strategic and financial investors.”