https://techmonitor.ai/technology/networks/intelsat-ses-takeover-board

The board of Intelsat has unanimously approved a takeover bid from rival satellite company SES. A joint announcement from the companies revealed that SES has offered to buy all shares in the Luxembourg satellite firm for €2.8bn. It added that the takeover served the mutual interests of both companies in creating a more resilient, multi-orbit satellite operator. 

“In a fast-moving and competitive satellite communication industry, this transaction expands our multi-orbit space network, spectrum portfolio, ground infrastructure around the world, go-to-market capabilities, managed service solutions and financial profile,” said Adel Al-Saleh, SES’ chief executive, in a statement. “Going forward, customers will benefit from a more competitive portfolio of solutions with end-to-end offerings in valuable Government and Mobility segments, combined with value-added, efficient, and reliable offerings for Fixed Data and Media customers.”