Intelsat S. A. (I) Reports Q4 EPS of $5.56

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Go back to Intelsat S. A. (I) Reports Q4 EPS of $5.56

Intelsat S. A. (I) and OneWeb Enter Merger Agreement

February 28, 2017 7:21 AM EST

Intelsat (NYSE: I) and OneWeb today announced that they have entered into a definitive combination agreement pursuant to which Intelsat and OneWeb will merge in a share-for-share transaction. Intelsat and SoftBank Group Corp. (SoftBank) also entered into a definitive share purchase agreement pursuant to which SoftBank will invest $1.7 billion in newly issued common and preferred shares of the combined company. Both the merger and the SoftBank investment are subject to, among other conditions, successful completion of debt exchange offers to certain existing Intelsat bondholders as well as receipt of certain regulatory approvals.

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