SES has finalized its acquisition of Intelsat, a strategic move that enhances its position in the global communication market.
According to the company's press release, SES now manages a fleet of approximately 120 satellites, including 90 in geostationary orbit (GEO) and 30 in medium Earth orbit (MEO). The company also gains strategic access to satellites in low Earth orbit (LEO).
This merged infrastructure will enable SES to provide integrated communication services for governments, aviation, maritime, and media industries worldwide. The company anticipates capturing a 60% share of the rapidly growing market.
SES projects that the combined revenue post-merger will be around €3.7 billion, with an EBITDA of €1.8 billion. It expects to achieve savings of €2.4 billion primarily within the next three years.
The headquarters of the merged company will remain in Luxembourg, and SES shares continue to be 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 legal firms Skadden, Wiley Rein, and Elvinger Hoss Prussen.
