Powered by

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

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox