In response to "market rumors," Luxembourg-based telecom operator SES confirmed "discussions regarding a possible combination" with its U.S. competitor Intelsat.
A response to the SpaceX threat
Two weeks after the annual Satellite conference held in Washington from March 13 to 16 rumors of a tie-up between two of the world's leading satellite communications operators : America's Intelsat (the former intergovernmental International Telecommunications Satellite Consortium, which became a private company in 2001) and Luxembourg's SES (founded in 1985 as Société Européenne des Satellites).
In particular, this combination would be a response to the threat of Starlink's SpaceX megaconstellation.
Thus, a $10 billion space telecommunications giant would be born.
No certainty though
Faced with these rumors, SES issued a statement on March 29 via a press release.
This statement confirms that the Luxembourg-based company has engaged " in discussions regarding a possible combination " with its U.S. competitor.
But, the statement says, " at this stage, there is no certainty that a transaction will materialize. The SES Board of Directors remains fully committed to act in the best interest of SES and its shareholders. "
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