SoftBank: OneWeb is ‘only the first step’ in connectivity play

by Peter B. de Selding

TOKYO — SoftBank’s satellite director said his company’s $1 billion-plus investment in low-orbiting constellation startup OneWeb is just “the first step” in the company’s connectivity strategy.

Tetsuji Katayama also said Softbank’s relationship with Intelsat remains strong despite Intelsat bondholders’ rejection of Softbank’s debt-repurchase offer. The bondholder decision did not affect Intelsat’s existing agreements with OneWeb and Softbank.

“SoftBank is a newcomer in the satellite industry,” Katayama told the APSCC 2017 conference here. “Satellite will play a more prominent role in global . . .

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