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Softbank in talks to merge OneWeb with Intelsat - report

Tuesday 28 February 2017 | 08:57 CET | News
SoftBank is in talks to merge satellite startup OneWeb with Intelsat, people familiar with the matter told Bloomberg. OneWeb, in which Softbank is a major investor, has also held discussions with SES, Inmarsat and Telesat. A link-up with a more established satellite operator could help OneWeb realise its network at lower cost and grow its customer base quicker. A deal with Intelsat depends on setting aside money to purchase Intelsat bonds. SoftBank aims to pay a bit more than half the debt's face value, one of the people said, meaning a deal worth USD 10-14 billion.

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Categories: Broadcast & Satellite
Companies: Inmarsat / Intelsat / SES / Softbank / Telesat
Countries: World
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