SES has announced the successful completion of its acquisition of satellite operator Intelsat, creating a major global player in the satellite communications sector.

This information was confirmed in the company’s press release.

Following the deal, SES will manage a fleet of approximately 120 satellites: 90 in geostationary orbit (GEO) and around 30 in medium Earth orbit (MEO). Additionally, SES will gain strategic access to low Earth orbit (LEO) satellites.

The combined infrastructure will enable SES to provide integrated communication services for governments, aviation, maritime operations, and media businesses worldwide, with a rapidly growing market share projected at 60%.

SES forecasts that total revenue post-merger will reach around €3.7 billion, with EBITDA expected to be €1.8 billion. The company anticipates achieving cost savings of €2.4 billion, primarily over the next three years.

The headquarters of the merged entity will remain in Luxembourg. SES shares are traded on the stock exchanges of Paris and Luxembourg.

SES’s financial advisors included Guggenheim Securities, Morgan Stanley, and Deutsche Bank, while Intelsat was advised by PJT Partners and law firms Skadden, Wiley Rein, and Elvinger Hoss Prussen.