The billion-dollar deal ended because of 15-billion debts

in billion-dollar •  8 years ago 

In space and space prices. For example, the largest satellite operator Intelsat, which has 52 telecommunication satellites in geostationary orbit, has debts of almost $ 15 billion.

Recently, Japanese SoftBank offered $ 1.7 billion for the merger of Intelsat with a new project of telecommunication low-orbit satellites OneWeb. In the interests of OneWeb, high-orbit support will be useful to ensure global connectivity on Earth. But the former creditors of Intelsat abandoned the prospective deal, preferring customary speculation with debt orders.

Against the backdrop of demand, OneWeb jumped stocks of other high-orbiting satellite operators Inmarsat and SES.

OneWeb - a project to create a low-orbit satellite constellation, providing a complete global coverage of Internet broadcasting. To provide access the user will need a docking station distributing wi-fi. To provide the service, it is planned to remove up to 2,000 satellites.

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