The Competition Commission approved the sale of Intelsat to SES without conditions.
South Africa’s Competition Commission has approved the R54-billion deal through which Luxembourg-based satellite telecommunications network provider SES plans to acquire DStv satellite provider Intelsat.
“The transaction will be financed from existing cash and equivalents and the issuance of new debt, including hybrid bonds,” the companies stated. “SES expects to deliver synergies with a total net present value of €2.4 billion, representing an annual run rate of €370 million of which approximately 70% is anticipated to be executed within 3 years after closing the transaction,” SES added.
Most of the free channels were religious. However, we found several others, including stations played in specific retailer chains like PEP, Game, and Clicks, a sports channel called Sports Connect, a crime story channel, and a kid’s channel.
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