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
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on VSAT:
- ViaSat price target lowered to $34 from $37 at Morgan Stanley
- ViaSat to provie in-flight connectivity to additional Delta aircraft
- ViaSat price target lowered to $39 from $41 at Barclays
- ViaSat anticipates achieving positive free cash flow in spring of calendar 2025
- ViaSat sees FY23 adjusted EBITDA ‘roughly flat’ y/y