SES to Close Intelsat Deal July 17 After Clearing All Regulatory Approvals

SES to close Intelsat deal July 17 after clearing all regulatory approvals

SES expects to complete its acquisition of rival satellite operator Intelsat July 17 after clearing all regulatory hurdles in the way of the multi-billion-dollar deal. The post SES to close Intelsat deal July 17 after clearing all regulatory approvals appeared first on SpaceNews.

SES Cleared for Acquisition of Intelsat

The FCC has given final regulatory approval to SES for its proposed acquisition of Intelsat. "Customers will benefit from a more competitive portfolio of solutions with end-to-end offerings in valuable Government and Mobility segments." Adel Al-Saleh, SESOn 30 April 2024, SES and Intelsat announced an agreement for SES to acquire Intelsat for a cash consideration of $3.1 billion (€2.8 billion). The transaction was subject to receipt of relevant …

Luxembourg’s SES wins US approval to acquire Intelsat’s spectrum - Mobile Europe

The deal is expected to close this week – meanwhile, the UK will stump up another €163 million in the proposed latest round of funding for Eutelsat Group to maintain its stake The US telecoms regulator, the Federal Communications Commission (FCC) has approved Intelsat’s plan to transfer control of the licences granted by the FCC to SES. SES has its HQ at Betzdorf, Luxembourg (pictured above, photo courtesy of SES) and announced a deal to acquire…

FCC Completes Review of SES-Intelsat Deal - Inside Towers

The FCC approved the Luxembourg-based SES $3.1 billion purchase of Intelsat, headquartered in Rockville, MD. In May 2024, the parties signed a share purchase agreement under which SES would acquire 100 percent of the outstanding shares and assets of Intelsat. The transaction will be financed from existing cash and equivalents and the issuance of new debt. In its decision, the agency said the transaction is in the public interest. The potential b…

SES secures final approvals for $3.1bn acquisition of Intelsat - SatellitePro ME

SES has received all necessary regulatory approvals, including clearance from the US Federal Communications Commission, for its planned acquisition of Intelsat. This milestone clears the way for SES to complete the $3.1bn transaction, first announced on April 30, 2024. The deal, which will see SES fully acquire Intelsat in an all-cash agreement, was contingent on securing multiple regulatory and procedural approvals, all of which have now been s…

SES To Close Intelsat Deal July 17 After Clearing All Regulatory Approvals - Data Intelligence

TAMPA, Fla. — SES expects to complete its acquisition of rival satellite operator Intelsat July 17 after clearing all regulatory hurdles in the way of the multi-billion-dollar deal. To continue reading this article: Register now and get3 free articles every month. You’ll also receive our weekly SpaceNews This Week newsletter every Friday. Opt-out at any time. Sign in to an existing account Get unlimited access toSpaceNews.com now. Use code SN…