SES Acquires Intelsat: A New Era in Satellite Communications

SES has announced the successful completion of its acquisition of satellite operator Intelsat, positioning itself as a leader in the multi-orbit communications sector.

According to the press release, following the merger, SES now manages a fleet of approximately 120 satellites: 90 in geostationary orbit and 30 in medium Earth orbit. Additionally, the company will gain strategic access to low Earth orbit satellites.

The combined infrastructure will enable SES to offer integrated communication services to governments, aviation, maritime, and media businesses worldwide. The company's market share is estimated to be as high as 60%.

SES forecasts that the total revenue post-merger will be around €3.7 billion, with EBITDA expected to reach €1.8 billion. The company anticipates achieving savings of approximately €2.4 billion, mainly over the next three years.

The headquarters of the combined company will remain in Luxembourg, and SES shares are traded on the Paris and Luxembourg stock exchanges.

Financial advisors for SES included Guggenheim Securities, Morgan Stanley, and Deutsche Bank, while Intelsat was advised by PJT Partners and law firms Skadden, Wiley Rein, and Elvinger Hoss Prussen.