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

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

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