Satellite operator SES is to acquire Intelsat for $3.1 billion, creating an entity with more than 100 Geostationary Earth Orbit and 26 Medium Earth Orbit satellites.last year in which the companies failed to find"a path to an agreement which would be acceptable to both parties."
It will need to. The two companies complement each other in the mobility sector. SES's maritime business supports five major cruise line operators, while Intelsat's commercial aviation division serves nearly 3,000 connected aircraft. However, competition from rivals such as Starlink, OneWeb, and Amazon's Project Kuiper threatens those revenues.
Christof Kern, Business Development Lead for Satellite & Space at TTP, saw benefits in the deal as well as future opportunities."The acquisition of Intelsat by SES marks a significant milestone in the satellite communications industry. Bringing together two legacy giants from Europe and the US, both companies are focused on driving efficiencies and maximizing their investments in both Geostationary Earth Orbit and Medium Earth Orbit satellites.