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Business/Financial

SES Explains the Strategy Behind its Long-Anticipated Acquisition of Intelsat

By Rachel Jewett

Wednesday, May 1st, 2024

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SES Explains the Strategy Behind its Long-Anticipated Acquisition of Intelsat

SES headquarters in Luxembourg. Photo: SES

SES and Intelsat closed the chapter on the will they/won’t they story, with news on Tuesday that SES will acquire Intelsat for $3.1 billion. It is a massive piece of industry consolidation, bringing together two of the largest satellite operators for a combined company with around $4 billion in revenue, more than 100 satellites in Geostationary Orbit (GEO), and 26 satellites in Medium-Earth Orbit (MEO). SES CEO Adel Al-Saleh pitched the merger as bringing the companies together to create a player with a…

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