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Intelsat to merge with US satellite start-up OneWeb
Mar 3, 2017 - ICT Monitor Worldwide

Luxembourg-based operator Intelsat has signed a definitive combination agreement to merge in a share-for-share deal with satellite start-up OneWeb, which is backed by Japans SoftBank Group.

SoftBank has also entered into a definitive share purchase agreement with Intelsat to invest $1.7bn in newly issued common and preferred shares of the merged entity.

SoftBank will purchase voting and non-voting shares in the combined company for $1.7bn in cash as part of the deal, and will also ac

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