SES has received all necessary regulatory approvals to complete its acquisition of global satellite operator Intelsat, with the transaction set to close tomorrow.
According to a news release, the $3.1 billion cash deal, originally announced in April 2024, was subject to various regulatory clearances — including from the U.S. Federal Communications Commission — which have now been secured.
In April 2024, Intelsat noted the acquisition will lead to greater value for customers and partners, as well as provide an “alternative in the new era of growth, innovation and competition for the satellite communications industry.”
“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. The combined company will be positioned to meet customers’ needs around the world and exceed their expectations,” David Wajsgras, CEO of Intelsat, said in a statement.
The move is also expected to expand SES’s multi-orbit satellite capabilities, spectrum assets and global ground network, positioning the company to better serve customers worldwide.
