M&A Deal Summary

SES Acquires Intelsat

On April 30, 2024, SES acquired communications company Intelsat for 2.8B EUR

Acquisition Highlights
  • This is SES’s 7th transaction in the Communications sector.
  • This is SES’s largest (disclosed) transaction.
  • This is SES’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2024-04-30
Target Intelsat
Sector Communications
Buyer(s) SES
Deal Type Add-on Acquisition
Deal Value 2.8B EUR
Advisor(s) PJT Partners, Inc. (Financial)
Skadden, Arps, Slate, Meagher & Flom
Elvinger Hoss Prussen (Legal)

Target

Intelsat

Luxembourg, Luxembourg
Intelsat's office in McLean, Virginia.
Intelsat's office in McLean, Virginia.
Intelsat is a provider of fixed satellite services worldwide, delivering advanced transmission access for information and entertainment to some of the world’s leading media and network companies, multi-national corporations, internet service providers and governmental agencies. Intelsat was formed in 1965 and is based in Luxembourg.

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Buyer(S) 1

Buyer

SES

Betzdorf, Luxembourg
Category Company
Founded 1985
Sector Communications
Employees2,294
Revenue 2.0B EUR (2023)
DESCRIPTION

SES is a provider of satellite communications services to broadcasters, content and Internet service providers, mobile and fixed network operators, and business and governmental organizations worldwide. SES was founded in 1985 and is based in Betzdorf, Luxembourg.

DEAL STATS #
Overall 13 of 13
Sector (Communications) 7 of 7
Type (Add-on Acquisition) 10 of 10
Country (Luxembourg) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 O3b Networks

St Helier, Cayman Islands

O3b Networks Ltd. is a satellite service provider building a next-generation satellite network for telecommunication operators, internet service providers, enterprise and government customers in emerging and insufficiently connected markets.

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Legal