Softbank satellite ambitions hit by collapse of Intelsat merger

The proposed merger of Intelsat with Softbank-backed OneWeb has fallen through following an inability to come to an agreement with Intelsat bondholders.
When the deal was announced earlier this year it was contingent on a renegotiation of much of Intelsat’s $15 billion in debt, with a bond-holder haircut of around $2 billion apparently hoped for. It looks like said bond-holders weren’t too keen on the deal and an agreement had yet to be reached by yesterday’s deadline so they c