SoftBank cash brings Intelsat and OneWeb to the merger table

by Peter B. de Selding


Merging Intelsat's fleet of geostationary-orbit satellites with OneWeb's proposed constellation of 882 150-kilogram Internet-delivery satellites in low Earth orbit will extend both companies' reach and, thanks to SoftBank's proposed $1.7-billion investment, will accelerate Intelsat's de-leveraging. The announced agreement requires the approval of 85 percent of the holders of Intelsat's $14.5 billion in debt, who are being offered terms that were not disclosed during the Feb. 28 announcement. Credit: Intelsat and OneWeb.


PARIS — The intended merger of satellite fleet operator Intelsat with start-up Internet satellite constellation . . .

To view the entire article, become a subscriber!

You may also like