SES completes $3.1 billion Intelsat acquisition to form satellite giant

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SES completes $3.1 billion Intelsat acquisition to form satellite giant

The SES–Intelsat deal forms a 120-satellite operator aiming to expand services in government, mobility, and emerging tech markets.

By Khamila Mulia

Editor APAC, The Tech Capital

4 Mins

SES completes $3.1 billion Intelsat acquisition to form satellite giant

Luxembourg-based SES has completed its US$3.1 billion (€2.8 billion) acquisition of US satellite operator Intelsat, cementing its position as one of the largest multi-orbit satellite providers globally. The all-cash deal includes contingent value rights and is being financed through a mix of existing cash, new debt, and a bridge loan facility.