SES, Intelsat weigh merger to fend off Musk’s Starlink
would create Europe’s largest satellite company. They’re both domiciled in the Grand Duchy of Luxembourg, one of the world’s smallest countries.
But with Musk and other newcomers like London-based OneWeb threatening their market share, the “two old-school giants” had to do more to compete, said Société Générale analyst Alexander Peterc. Joining forces won’t be easy: any deal will face significant regulatory, financial and technological challenges.
That deal, which resulted in an acrimonious legal battle between the companies, put them in a position to pay down their debts and forge a path to a merger. Once the final details from the spectrum sales are resolved, SES is in line to pocket $4-billion and Intelsat almost $5-billion.Image: SES Regulators would pounce, as the new company would collectively make up about 40% of the global fixed satellite services market and 90% of US broadcasting, according to estimates from Bryan Garnier analyst Thomas Coudry.
SES has more than 70 satellites in orbit, and Intelsat has 52. Combining them will be tricky, as the fleets run on multiple kinds of spectrum
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