Intelsat-OneWeb satellite merger falls apart

Image: Satellite web
An artist’s conception shows a constellation of satellites in orbit. (Credit: OneWeb)

The OneWeb satellite venture says it has terminated its deal for a mega-merger with Intelsat because not enough of Intelsat’s bondholders agreed to a debt swap. The deal would have been facilitated by a $1.7 billion investment from Softbank, but it was contingent on a go-ahead from at least 85 percent of the bondholders.

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By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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