SES confirms Intelsat merger talks
TAMPA, Fla. — SES verified March 29 it is in talks about perhaps merging with rival satellite operator Intelsat.
“At this stage, there can be no certainty that a transaction would materialise,” SES explained in a temporary statement.
Both providers have formerly acknowledged shelling out close interest to a wave of consolidation sweeping across their industry.
This 12 months, Viasat and Eutelsat hope to get regulatory approvals to purchase Inmarsat and OneWeb, respectively, to bolster their businesses amid growing competitors from SpaceX’s Starlink broadband constellation.
Since Viasat introduced its deal for Inmarsat in November 2021, each SES and Intelsat have routinely confronted queries about no matter if they could also merge to improve competitors, but neither have instantly tackled any talks until finally now.
Publicly outlined SES declined to comment beyond its confirmation that it has “engaged in discussions regarding a attainable blend with Intelsat.”
Questioned to remark on the announcement, Clay McConnell, Intelsat senior vice president of corporate communications and marketing, explained: “We do not remark on rumors and speculation.”
A merged group would make additional than $4 billion in blended revenues.
Intelsat and SES are also established to acquire just about $9 billion in combined proceeds for clearing C-band spectrum for terrestrial mobile operators, while they have been locked in a long-jogging legal fight more than how this windfall must be split.