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February 28, 2017 01:44 pm GMT
Yet more consolidation is afoot in the satellite industry. Today, OneWeb — which last December raised a whopping $1.2 billion from SoftBank for its yet-to-launch satellite internet service — announced that it would merge with large satellite incumbent Intelsat. SoftBank separately said it would invest another $1.7 billion in the combined company. The combined company is expected to… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RTZ6h5Z_AGc/
OneWeb to merge with Intelsat in $13B deal, SoftBank to put $1.7B in newco
Yet more consolidation is afoot in the satellite industry. Today, OneWeb — which last December raised a whopping $1.2 billion from SoftBank for its yet-to-launch satellite internet service — announced that it would merge with large satellite incumbent Intelsat. SoftBank separately said it would invest another $1.7 billion in the combined company. The combined company is expected to… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/RTZ6h5Z_AGc/
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