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Intelsat, OneWeb confirm merger agreement

Tuesday 28 February 2017 | 13:19 CET | News
Satellite operators Intelsat and OneWeb have confirmed plans to merge, with financial support from OneWeb's investor Softbank. The share-for-share transaction includes a pledge from Softbank to invest USD 1.7 billion in shares to be issued by the new company. The deal is contingent on a debt exchange offer from Intelsat, which along with the Softbank investments, is expected to reduce the company's debt by around USD 3.6 billion.

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Categories: Broadcast & Satellite
Companies: Intelsat / OneWeb / Softbank
Countries: World
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