No, that wouldn't work. Radio Targets are intended for the precise repetitions of the same characters. If you surround a regular org link in three angle brackets, eg <<<[[https://www.bbc.com][bbc]]>>>, then the Radio link will clobber the web link on the target itself (ie C-c C-o won't take you anywhere), and it will only highlight repetitions of [[https://www.bbc.com][bbc]] rather than just bbc.

For something similar to what you're asking, I would just go for something like...

The <<<bbc>>> ([[https://www.bbc.com][site]]) is the UK's state broadcasting company. Now when I write bbc (or BBC) these will be highlighted as links and will take you back to the Radio Target in the first sentence and I can then click on the link

Also note that you can mark a word or region and then hit C-c n r (org-insert-radio-target-brackets) to surround it in angle brackets and enable it as a radio target.