OneWeb is merging with Intelsat, SoftBank to invest another $1.7B in new satellite co.

 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. Intellsat was one of the first… Read More

from https://techcrunch.com/2017/02/28/oneweb-is-merging-with-intelsat-softbank-to-invest-another-1-7b-in-new-satellite-co/?ncid=rss