SES has successfully concluded its acquisition of the satellite operator Intelsat, marking a significant advancement in global communications.

According to the press release, this merger allows SES to manage a fleet of approximately 120 satellites: 90 in GEO and 30 in MEO, along with strategic access to LEO satellites.

The combined infrastructure will enable SES to offer integrated communication services to governments, aviation, maritime, and media businesses worldwide. The company estimates its share in the rapidly growing market to be around 60%.

Following the merger, SES anticipates total revenue of about €3.7 billion and an EBITDA of €1.8 billion. The company expects to achieve savings of €2.4 billion primarily over the next three years.

The headquarters of the merged company will remain in Luxembourg, with SES shares continuing to trade on the Paris and Luxembourg stock exchanges.

Financial advisors for SES included Guggenheim Securities, Morgan Stanley, and Deutsche Bank, while Intelsat was advised by PJT Partners and legal firms Skadden, Wiley Rein, and Elvinger Hoss Prussen.