Luxembourg-based SES has completed its acquisition of Intelsat, creating a combined expanded fleet of 120 satellites across two orbits.
Ninety of the satellites are geostationary craft with a further 30 medium earth orbit satellites.
“Today, we’re not just merging two companies – we’re creating a stronger company, built for the future. I want to extend a warm welcome to all new employees, customers, and partners,” said Adel Al-Saleh, CEO of SES. “In this new chapter, we are bringing together a powerful mix of talented people, network infrastructure, spectrum, innovation, and global relationships that will allow us to deliver next-generation connectivity and space-enabled services in smarter and quicker ways.”
The new SES intends to explore emerging growth markets including Internet of Things (IoT), direct-to-device communications, inter-satellite data relay, space situational awareness, and quantum key distribution. It comes at a time when video revenues are declining for all operators – it’s anticipated current combined revenues of €3.7 billion will grow by low or mid-single digits by 2028.
“Our focus is clear: to grow, to lead in high-potential markets, and to shape the future of our industry. This is a long-term play, and we are building with the future in mind — growing year after year, expanding our capabilities, and creating lasting value for our customers and shareholders alike,” Al-Saleh said.
SES remains headquartered in Luxembourg and is publicly listed on the Paris and Luxembourg stock exchanges. It will maintain a significant presence in the United States with its North American main office in McLean, Virginia.
