tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Satellite firms SES, Intelsat in talks amid industry consolidation, WSJ says

Luxembourg-based satellite operator SES, confirmed in a statement, that it was in talks with satellite services company Intelsat "about a possible combination," wrote Denny Jacob for the Wall Street Journal. A deal between SES and Intelsat would enable the two companies to better compete with Starlink, the satellite-internet service operated by Elon Musk’s SpaceX, added the WSJ story. Satellite operators that have looked for mergers recently include Viasat’s (VSAT) 2021 overtures to acquire privately-owned Inmarsat, WSJ noted. Companies that may be impacted by this include Eutelsat Communications (ETCMY). Reference Link

Meet Your ETF AI Analyst

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on VSAT:

Disclaimer & DisclosureReport an Issue

1