The government said the UK would remain the preferred location for future OneWeb launches.
(Picture: OneWeb )British satellite firm OneWeb has agreed a merger with French firm Eutelsat in a £2.8 billion deal as the pair look to take on rival Elon Musk to provide global internet connectivity from space.
Under the terms of the deal OneWeb would be wholly owned by Eutelsat, with OneWeb shareholders trading their stakes for Eutelsat shares.
