SES to Acquire Intelsat in Compelling Transaction Focused on the Future April 30, 2024 - https://lnkd.in/eTzKCHNM SES S.A. (“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to acquire Intelsat through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of $3.1 billion (€2.8 billion) and certain contingent value rights. The combination will create a stronger multi-orbit operator with greater coverage, improved resiliency, expanded suite of solutions, enhanced resources to profitably invest in innovation, and benefit from the collective talent, expertise, and track record of both companies.
Kevin French I think times have changed. A deal 18 or 24 months ago is not the deal to do now necessarily. This may not be about future, but survival due to the lack of customers available to do bulk buys.
SES will have 100 GEO sats in orbit after the transaction leaving LEO untouched by this move at least.
Consultant / Sales Eng / PM - IFC / Satcoms / Linux - Licensed
6moIts a good deal, but how will they compete in the LEO business, neither have any..