Intelsat Sues OneWeb, SoftBank for Alleged Fraud

Intelsat has sued OneWeb and SoftBank in a New York court for allegedly conspiring to commit fraud and to steal trade secrets, Advanced Television reports.

SoftBank has financially backed OneWeb’s plan to deliver broadband Internet services from a constellation of small satellites. OneWeb launched its first six satellites in February.

SoftBank backed a planned merger of Intelsat and OneWeb that was announced in February 2017. The merger was called off less than four months later.