Intelsat OneWeb Graphic
Intelsat, following a conditional $1.7 billion investment from Japanese conglomerate Softbank, has reached a merger agreement to combine with OneWeb.

Sources said the company planned to extend the deadline for bondholders to exchange current bonds with new ones until mid-May.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...