Intelsat and SES end negotiations to merge
In a very short press release, the Luxembourg-based satellite company SES today announced that it has broken off negotiations to merge with the satellite company Intelsat. The full text:
SES announces today that discussions regarding a possible combination with Intelsat have ceased. On 29 March 2023, SES had confirmed that the company engaged in discussions with Intelsat and that there could be no certainty that a transaction would materialise.
It appears the two companies could not settle differences on a number of points, and according to this article Intelsat decided to end negotiations yesterday.
There has been a trend among the established satellite companies to consolidate and merge, faced with the stiff competition from the new satellite constellations of Starlink and OneWeb. It is very possible that both of these companies will either revisit the idea of this merger, or begin negotiations with other established satellite companies.
In a very short press release, the Luxembourg-based satellite company SES today announced that it has broken off negotiations to merge with the satellite company Intelsat. The full text:
SES announces today that discussions regarding a possible combination with Intelsat have ceased. On 29 March 2023, SES had confirmed that the company engaged in discussions with Intelsat and that there could be no certainty that a transaction would materialise.
It appears the two companies could not settle differences on a number of points, and according to this article Intelsat decided to end negotiations yesterday.
There has been a trend among the established satellite companies to consolidate and merge, faced with the stiff competition from the new satellite constellations of Starlink and OneWeb. It is very possible that both of these companies will either revisit the idea of this merger, or begin negotiations with other established satellite companies.