Intelsat and OneWeb announce conditional combination agreement – Satellite News Digest

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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