Intelsat and OneWeb announce conditional combination agreement
Submit on Tuesday, February 28th, 2017 22:57
Intelsat and OneWeb announced that they have entered into a definitive combination agreement pursuant to which Intelsat and OneWeb will merge in a share-for-share transaction. Intelsat and SoftBank Group Corp. (“SoftBank”) also entered into a definitive share purchase agreement pursuant to which SoftBank will invest US$1.7 billion in newly issued common and preferred shares of the combined company.
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