OneWeb


Intelsat-OneWeb deal collapses over failed debt swap

Intelsat said it expects its planned Softbank-backed merger with affordable internet provider, OneWeb, to now be terminated after failing to agree a debt exchange agreement. The satellite operator said that its offer to swap outstanding senior unsecured notes had not been accepted and that the minimum tender conditions for the offer had not been satisfied. […]

Intelsat to merge with OneWeb in major SoftBank-backed deal

Satellite operator Intelsat has agreed to merge with affordable internet provider OneWeb, in a deal backed by a large investment from Japan’s SoftBank Group. Intelsat and OneWeb will merge in a share-for-share transaction, with Intelsat also agreeing a share-purchase agreement with OneWeb investor SoftBank. SoftBank will invest US$1.7 billion in newly issued common and preferred shares […]