Satellite Operator SES Acquiring Intelsat In $3.1 Billion Deal

Satellite operator SES plans to buy fellow satellite operator Intelsat, in a $3.1 billion deal that's expected to close next year. According to Space Magazine, the combined company could help it 'compete with SpaceX's huge Starlink broadband network.' From the report: SES and Intelsat both operate communications satellites in geostationary orbit, which lies 22,236 miles (35,785 kilometers) above Earth. SES also runs a constellation called O3b in medium Earth orbit, at an altitude of about 5,000 miles (8,000 km). As [SES CEO Adel Al-Saleh] noted, there is increasingly fierce competition for the services provided by these satellites -- for example, from SpaceX's Starlink megaconstellation in low Earth orbit. And other LEO megaconstellations are in the works as well. For instance, Amazon launched the first two prototypes for its planned 3,200-satellite Project Kuiper network this past October.

'By combining our financial strength and world-class team with that of SES, we create a more competitive, growth-oriented solutions provider in an industry going through disruptive change,' Intelsat CEO David Wajsgras said in the same statement. 'The combined company will be positioned to meet customers' needs around the world and exceed their expectations,' he added.

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