Second time lucky as competition from Starlink and pals increases Satellite operator SES is to acquire Intelsat for $3.1 billion, creating an entity with more than 100 Geostationary Earth Orbit (GEO) and 26 Medium Earth Orbit (MEO) satellites.

SES is acquiring rival satellite operator Intelsat for $3.1 billion, a deal that would bring together two of the major GEO satellite operators.

Satellite network operator SES says it is to acquire fellow operator Intelsat, describing the deal as a "compelling transaction focused on the future".

European satellite group SES will acquire US rival Intelsat for $3.1 billion, the companies said Tuesday, seeking to compete in a race for space-based internet service led by Elon Musk's Starlink.

SES plans to buy fellow satellite operator Intelsat, in a deal that could help the combined company compete with SpaceX's huge Starlink broadband network.

Satellite company SES has agreed to buy all the shares of Intelsat Holdings for about $3.1 billion in a deal that would create a European giant in the industry, the companies said on Tuesday. European satellite companies have been looking to consolidate to better compete with the likes of Elon Musk's Space X-owned Starlink,

SES SA has agreed to buy Intelsat SA for $3.1 billion in cash to create a satellite giant after reviving talks that fell apart last year.

S ES has confirmed its acquisition of rival satellite communications giant Intelsat for $3.1 billion, a strategic move aimed at bolstering its position in a market increasingly disrupted by low Earth orbit (LEO) constellations like Starlink and OneWeb.

Over the past two years, the Intelsat team has executed a remarkable strategic reset,” Wajsgras said. “We have reversed a 10-year negative trend to return to growth, established a new and game-changing technology roadmap,