SES to acquire Intelsat for €2.8bn.

SES, a satellite operator with a fleet of more than 50 geostationary satellites, agreed to acquire Intelsat, a company that operates a globalized network that delivers satellite broadband services, for €2.8bn. “Over the past two years, the Intelsat team has executed a remarkable strategic reset. We have reversed a 10-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 9s 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. By combining our financial strength and world-class team with that of SES, we create a more competitive, growth-oriented solutions provider in an industry going through disruptive change. The combined company will be positioned to meet customers’ needs around the world and exceed their expectations,” David Wajsgras, Intelsat CEO.