A tie-up that Japanese telecom company SoftBank Group Corp. tried to orchestrate between U.S. satellite startup OneWeb Ltd. and debt-laden satellite operator Intelsat SA collapsed after Intelsat bondholders failed to back the deal. OneWeb, which is 20%-owned by SoftBank, in February said it would buy Intelsat, combining two different types of satellite fleets to offer low-cost, versatile connectivity spanning the globe. As part of...

Source: Wall Street Journal June 01, 2017 11:15 UTC