OneWeb to merge with Intelsat in $13B deal, SoftBank to put $1.7B in newco

Click here to visit Original posting

Image courtesy of Astronaut Scott Kelly Yet more consolidation is afoot in the satellite industry and a sign of how satellite providers are hoping to build a more cost-effective satellite broadband business for the future. 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. Read More