Satellite operator SES acquiring Intelsat in $3.1 billion deal

SES plans to buy fellow satellite operator Intelsat, in a deal that could help the combined company compete with SpaceX’s huge Starlink broadband network.

Luxembourg-based SES is acquiring Virginia-based multinational Intelsat for $3.1 billion in a deal that’s expected to close next year, the two companies announced today (April 30). 

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