{"id":801099,"date":"2024-04-30T09:52:30","date_gmt":"2024-04-30T09:52:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2024\/04\/30\/satellite-company-ses-to-buy-intelsat-for-3-1-billion\/"},"modified":"2024-04-30T09:52:30","modified_gmt":"2024-04-30T09:52:30","slug":"satellite-company-ses-to-buy-intelsat-for-3-1-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/04\/30\/satellite-company-ses-to-buy-intelsat-for-3-1-billion\/","title":{"rendered":"Satellite company SES to buy Intelsat for $3.1 billion"},"content":{"rendered":"<p>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.<\/p>\n<p>European satellite companies have been looking to consolidate to better compete with the likes of Elon Musk&#8217;s Space X-owned Starlink, and Amazon&#8217;s Project Kuiper.<\/p>\n<p>The new merged entity will be headquartered in Luxembourg, and maintain a significant presence in the United States, the companies&#8217; statement said.<\/p>\n<p>&#8220;The transaction has been unanimously approved by the Board of Directors of both companies and Intelsat shareholders holding approximately 73% of the common shares have entered into customary support agreements requiring them to vote in favour of the transaction,&#8221; the companies added.<\/p>\n<p>The deal will be financed by cash and the issuance of new debt, including hybrid bonds.<\/p>\n<p>SES&#8217; Paris-listed shares were down about 4% by 0723 GMT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s Space X-owned Starlink, and Amazon&#8217;s Project Kuiper. The new merged entity will be headquartered in Luxembourg, and maintain a significant presence in the United States, the companies&#8217; statement said. &#8220;The transaction has been unanimously approved by the Board of Directors of both companies and Intelsat shareholders holding approximately 73% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-801099","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/801099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=801099"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/801099\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=801099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=801099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=801099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}