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Satellite Operator SES Acquiring Intelsat In $3.1 Billion Deal
Satellite operator SES plans to buy fellow satellite operator Intelsat, in a $3.1 billion deal that's expected to close next year. According to Space Magazine, the combined company could help it "compete with SpaceX's huge Starlink broadband network." From the report: SES and Intelsat both operate ...
From the report: SES and Intelsat both operate communications satellites in geostationary orbit, which lies 22,236 miles (35,785 kilometers) above Earth. As [SES CEO Adel Al-Saleh] noted, there is increasingly fierce competition for the services provided by these satellites -- for example, from SpaceX's Starlink megaconstellation in low Earth orbit. "By combining our financial strength and world-class team with that of SES, we create a more competitive, growth-oriented solutions provider in an industry going through disruptive change," Intelsat CEO David Wajsgras said in the same statement.
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