The agreement to merge startup OneWeb with satellite operator Intelsat has fallen through, Intelsat announced, because its bondholders failed to accept the proposed bond exchange deal before the May 31 deadline. Last December, Japanese telecommunications company SoftBank Group committed to invest $1 million to support the construction of OneWeb’s satellite production facility. To help offset […]

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Source: [url=http://www.satellitetoday.com/telecom/2017/06/01/intelsat-anticipates-termination-oneweb-merger/]Intelsat Anticipates Termination of OneWeb Merger[/url]


David Cottle

UBB Owner & Administrator