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M&A · Completed · 17 Jul 2025

SES acquisition of Intelsat

SES bought Intelsat, creating a multi-orbit operator with about 120 satellites.

Company
Intelsat
Type
M&A
Status
Completed
Date
17 Jul 2025
Value
US$2.6bn
Value basis
US$2.6bn (€2.2bn) cash plus contingent value rights
Region
Global
Segment
Satellite operators

Parties

  • SES buyer
  • Intelsat shareholders seller

Key terms

Synergies
€2.4bn NPV
Fleet
about 90 GEO plus MEO

Sources

  1. SES: H1 2025 results and completion of Intelsat acquisition ses.com · 31 Jul 2025

Record ORB-INV-2025-0008. Investments are kept apart from the financings register and never counted in debt totals.

Randeep Bubbra
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