Picture by rawpixel.com on FreepikSES and Intelsat have agreed that SES will purchase Intelsat by buying 100% of the fairness of Intelsat Holdings for US$3.1 billion. The mix will create a multi-orbit operator with larger protection, improved resiliency, an expanded suite of options and enhanced assets. The transaction, which is topic to related regulatory clearances, that are anticipated to be obtained in the course of the second half of 2025, is totally supportive of SES’s monetary coverage and is underpinned by anticipated complete synergies equal to 85% of the entire fairness worth of the transaction.
“This important, transformational agreement strengthens our business, enhances our ability to deliver world-class customer solutions, and generates significant value for our shareholders in a value accretive acquisition which is underpinned by sizeable and readily executable synergies,” stated Adel Al-Saleh, the CEO of SES. “In a fast-moving and competitive satellite communication industry, this transaction expands our multi-orbit space network, spectrum portfolio, ground infrastructure around the world, go-to-market capabilities, managed service solutions and financial profile.”
David Wajsgras, the CEO of Intelsat, added: “We have reversed a ten-year negative trend to return to growth, established a new and game-changing technology roadmap, and focused on productivity and execution to deliver competitive capabilities. The team today is providing our customers with network performance at five nines and is more dedicated than ever to customer engagement and delivering on our commitments. This strategic pivot sets the foundation for Intelsat’s next chapter.”
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