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SES acquires Intelsat in $3.1B deal a year after merger talks
Deal announced as SES reports $533.1M in Q1 revenues
Satellite operator SES is acquiring McLean, Va.-based satellite operator Intelsat for 2.9 billion euros ($3.1 billion). The announcement came today during SES’ first-quarter earnings report. The company reported revenues of $533.1 million, down 7.2% from the previous quarter and up 2.5% from Q1 2023, accounting for foreign exchange rates. WHY IT MATTERS: The acquisition, expected […]
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