The post-announcement comments of the SoftBank-engineered merger between Intelsat and OneWeb are coming in, and they are not all favourable. For example, Sami Kassab, an equity analyst at investment bank Exane/BNP-Paribas, while praising Intelsat’s results said there are still major risks to the deal, not least Intelsat’s existing bondholders agreeing to a severe financial haircut […]
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