Looks who's bailed out internet-satellite provider IntelSat? It's... Softbank?

from www.theregister.com - Articles on 2017-03-07 09:05 (#2F0QC)

Plans to chuck more cash once it's merged up with OneWeb

Comment Softbank has arrived as the unlikely white knight to save Luxembourg-based internet-satellite provider Intelsat from running out of cash. It has injected debt funding and proposed a merger through its LEO satellite firm OneWeb. Now bondholders for Intelsat must give the deal the go-ahead."

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