SES Acquires Intelsat for $3.1 Billion, Bolstering Satellite Network Capabilities

The deal, expected to close in 2025, aims to enhance competition against major players like SpaceX's Starlink.

SES is set to acquire Intelsat in a strategic move valued at $3.1 billion, enhancing its position in the satellite communications market.
The acquisition will combine SES's and Intelsat's extensive satellite networks, increasing competitiveness in an industry dominated by new LEO constellations.
Funded through cash and debt, the transaction raises concerns about SES's financial leverage amidst a challenging market environment.
Regulatory approvals are pending, with the deal anticipated to finalize in the second half of 2025.
The merger is expected to deliver significant synergies, estimated at €2.4 billion in net present value, improving service offerings and market reach.