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SoftBank-backed OneWeb sweetens deal for Intelsat

Friday, May 19, 2017 - 05:50

New York

ONEWEB, the US satellite startup backed by Japan's SoftBank Group Corp, has increased its merger proposal for Intelsat SA by offering Intelsat's creditors a smaller discount for their bonds than it had before.

The merger of OneWeb and Intelsat has been stalled because

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