SoftBank running out of patience as Intelsat debt offer extended

SoftBank running out of patience as Intelsat debt offer extended

Photo: Bloomberg

SoftBank Group Corp. says it is unwilling to pay more for Intelsat SA after the satellite company extended for the fourth time a deadline for a stalled debt swap that’s underpinning its proposed merger with SoftBank’s OneWeb Ltd.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter