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SoftBank-Backed OneWeb Set to Merge With Rival Satellite Operator

Feb 28, 2017 - The New York Times

The chief executive of SoftBank, Masayoshi Son, is an inveterate deal maker. And on Tuesday, the Japanese mogul unveiled his latest: a complex merger to expand his telecommunications empire.

By orchestrating the merger of OneWeb, a satellite operator where Mr. Son has already invested $1 billion, with a debt-laden competitor, Intelsat, the billionaire is hoping to bolster SoftBank’s reach and internet coverage.

But the deal is still contingent on getting Intelsat’s bondholders to...