Intelsat merger close to collapse

Japan’s SoftBank-engineered $14 billion (€12.45bn) merger of Intelsat and Jersey-based OneWeb is likely to collapse, according to a report from Reuters. The news agency says that yesterday’s (May 31st) midnight deadline for acceptances of the proposed merger terms failed to get enough support from Intelsat’s bond-holders.

Source: Intelsat merger close to collapse |

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