Photo: ReutersPortland/New York: SoftBank Group Corp., the technology giant controlled by billionaire Masayoshi Son, is in talks to merge the satellite start-up it’s backing, OneWeb Ltd, with satellite provider Intelsat SA, according to people familiar with the matter. OneWeb is also in discussions with SES SA, Inmarsat Plc and Telesat Holdings Inc., the people said. Intelsat declined to comment, and OneWeb and the other companies didn’t immediately return requests for comment. Intelsat operates a combined satellite-terrestrial communications network that can deliver video and broadband services anywhere in the world. By combining, the companies could potentially save on network costs and expand the types of customers Intelsat has.

Source: Mint February 28, 2017 05:15 UTC