SES buys Intelsat

In a major move for the satellite industry, SES and Intelsat have announced that they have reached an agreement that will see SES acquire Intelsat in a $5 billion deal.

SES will acquire 100% of the equity of Intelsat Holdings S.a.r.l. for a cash consideration of $3.1 billion (€2.8 billion) and certain contingent value rights, with an implied total Enterprise Value of $5 billion. The transaction is subject to relevant regulatory clearances that are expected to be received during the second half of 2025.

The companies say that the deal is underpinned by expected total synergies of approx. $2.6 billion, equivalent to 85% of the cash value of the transaction, with 70% of those savings expected to be delivered within three years after closing.

“In a fast-moving and competitive satellite communication industry, this transaction expands our multi-orbit space network, spectrum portfolio, ground infrastructure around the world, go-to-market capabilities, managed service solutions, and financial profile,” said Adel Al-Saleh, CEO of SES.

“I am excited by the opportunity to bring together our two companies and augment SES’s own knowledge base with the added experience, expertise, and customer focus of the Intelsat colleagues.”

“Going forward, customers will benefit from a more competitive portfolio of solutions with end-to-end offerings in valuable government and mobility segments, combined with value-added, efficient, and reliable offerings for fixed data and media customers. This combination is also positive for our supply chain partners and the industry in creating new opportunities as satellite-based solutions become an increasingly integral part of the wider communications ecosystem.”

With a combined fleet of more than 100 Geostationary Earth Orbit (GEO) and 26 Medium Earth Orbit (MEO) satellites, the merged entity will benefit from improved coverage and network resiliency across a variety of frequencies, including C-, Ku-, Ka-band.

By the end of 2026, eight new GEO satellites and seven new MEO (O3b mPOWER) satellites are also expected to be launched to add to that total.

The newly expanded SES will continue to be headquartered in Luxembourg, while maintaining significant presence in the US, notably in the Washington, D.C. area.

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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