Luxembourg’s SES Cleared by UK to Acquire Intelsat in €2.8b Deal

Intelsat Q1 financials: Revenue, adjusted EBITDA down, new LEO/GEO aero antenna boosts equipment sales - Space Intel Report

LA PLATA, Maryland — Satellite fleet operator Intelsat reported a 7.7% decline in revenue for the…

Intelsat–SES merger gets green light from UK competition watchdog

Satellite majors receive thumbs up from the UK’s Competition and Markets Authority to go ahead with $3.1bn merger, clearing a major regulatory hurdle in their mission to build a “stronger and more competitive” multi-orbit satco.

Luxembourg’s SES cleared by UK to acquire Intelsat in €2.8b deal

SES’s €2.8 billion acquisition of Intelsat was cleared by the UK’s competition regulator, in a move that will create a satellite giant to better compete with Elon Musk’s Starlink.

CMA clears SES/Intelsat merger

Following an investigation launched in April, the Competition and Markets Authority (CMA) has cleared the anticipated acquisition by SES of Intelsat. Source: CMA clears SES/Intelsat merger

UK Competition Authority clears merger between SES and Intelsat

The Competition and Markets Authority has approved the acquisition of Intelsat by SES following a Phase I investigation.  The assessment examined whether the transaction met the criteria for a relevant merger situation under the Enterprise Act 2002 and whether it would lessen competition within the UK. SES, based in Luxembourg, will acquire 100% of the equity in Intelsat Holdings S.a.r.l. for €2.8 billion. The transaction is projected to generat…