SES has announced the successful completion of its acquisition of Intelsat, creating a formidable player in the global satellite communications market.

According to the official press release, following the completion of the deal, SES manages a fleet of approximately 120 satellites, with 90 in geostationary orbit (GEO) and 30 in medium earth orbit (MEO). Additionally, the company will gain access to satellites operating in low earth orbit (LEO).

This combined infrastructure will enable SES to offer integrated communication services for governments, aviation, maritime, and media industries worldwide. The company forecasts that its market share in this rapidly growing sector will reach 60%.

SES expects that the total revenue post-merger will be around €3.7 billion, with EBITDA at €1.8 billion. The company aims to achieve savings of €2.4 billion over the next three years.

The headquarters of the newly merged company will remain in Luxembourg, and SES shares will continue to trade on the Paris and Luxembourg stock exchanges.

Financial advisors for SES 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.