SES confirms merger talks with Intelsat

SES confirms merger talks with Intelsat

Satellite company SES confirmed media speculation that it is in talks to merge with rival Intelsat, a move that would form a US$10 billion satellite company to rival Starlink and Project Kuiper.

In a brief statement, SES stated: “In response to rumours in the market, SES S.A. confirms that the company has engaged in discussions regarding a possible combination with Intelsat. At this stage, there can be no certainty that a transaction would materialise. The Board of SES remains fully committed to acting in the best interest of SES and its shareholders.”

A Bloomberg reported the satellite companies were close to a deal valued at US$10 billion including debt. Sources said the two are looking to hammer out a deal over the next few weeks.

Consolidation between the satellite firms would form an entity to challenge giants in the field, Space X-owned Starlink and Amazon’s Project Kuiper.

A similar move was made by French satellite company Eutelsat which is acquiring UK-based OneWeb, with the deal to be wrapped up in Q2 or Q3 this year.

SES has 70 satellites in orbit, and Intelsat possesses 56.


Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.