Japan’s telco giant SoftBank is the catalyst in bringing together old-established Intelsat and embryonic satellite operator OneWeb, into a merger. In essence, the agreement sees SoftBank inject $1.7 billion (€1.6bn) of new equity into debt-heavy Intelsat. At the end of 2016, SoftBank invested $1 billion into Jersey, Channel Islands-based OneWeb. Intelsat was already a minor investor […]
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