Satellite teleco operators Intelsat and SES have ended talks over a proposed merger of the two businesses that could have resulted in a company with a market valuation of more than $10 billion.posted to its website that discussions with Intelsat over a potential pairing up have ceased. The merger was originally slated as a move that would help the combined company to better compete against new entrants in the satellite market, such as Starlink.
It was SES that also confirmed back in March that the two companies were engaged in talks, posting that:"In response to rumors in the market, SES S.A. confirms that the company has engaged in discussions regarding a possible combination with Intelsat,” but cautioning at the time that “there can be no certainty that a transaction would materialize."