SES and Intelsat Reportedly are Engaging in Possible Merger Talks

Luxembourg City, August 4, 2022--The number 1 and number 2 leading global satelltie operators, SES and Intelsat are reportedly engaging in possible merger talks according to various media reports.  The story was first released by the Financial Times. The merger, if borne into fruition will create the largest satellite company in the world with over 100 Geostationary satellites generating over US$ 4 Billion in annual revenues.

The satellite industry has seen a number of major mergers among satelltie opeartors, most recently the merger of Paris-based Eutelsat and Low Earth Orbit (LEO) operator OneWeb. Last year, US-based Viasat acquied UK satellite operator Inmarsat.  According to the Financial Times article, the SES-Intelsat merger may be the result of the growing LEO sector led by Billionaire Elon Musk's Starlink system.

Here's a link to the full article from the Financial Times: https://www.ft.com/content/5080c431-b0a0-4892-9624-9abbfce7e3f7