SES to acquire Intelsat in deal aimed at creating a multi-orbit operator
Image by rawpixel.com on FreepikSES and Intelsat have agreed that SES will acquire Intelsat by purchasing 100% of the equity of Intelsat Holdings for US$3.1 billion. The combination will create a multi-orbit operator with greater coverage, improved resiliency, an expanded suite of solutions and enhanced resources. The transaction, which is subject to relevant regulatory clearances, which are expected to be received during the second half of 2025, is fully supportive of SES’s financial policy and is underpinned by expected total synergies equivalent to 85% of the total equity value 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,” said 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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