The article reports a significant consolidation in the technical sector impacting maritime connectivity: SES is acquiring Intelsat Holdings for $3.1 billion. This deal unites two of the leading satellite communication providers to the maritime industry under the SES banner. SES, based out of Luxembourg, and Intelsat, hailing from McLean, Virginia, both operate extensive networks of geostationary orbit satellites and possess robust groundstation and support capabilities. SES has noted various advantages from the merger, including an expected $2.6 billion in net present value of synergies. While the impact on very small aperture terminal (VSAT) technology used in maritime communications will not be immediate, it is anticipated to be beneficial in the long run. The combined entity aims to establish a dominant multi-orbit operator role, with enhanced coverage and resilience and the capacity to further innovate and invest profitably in the satellite communications segment. The article emphasizes the trend of shipping companies adopting hybrid communications networks consisting of diverse satellite orbit types and terrestrial cellular connections. It recounts Intelsat’s and SES’s pioneering roles in high-throughput satellite technology across various satellite orbits, with SES recently leading the charge in services to passenger ships and Intelsat staying atop the merchant and offshore vessel connectivity market. SES CEO Adel Al-Saleh comments on the merger’s strategic benefits, including amplifying the company’s global infrastructure, service solutions, and revenue streams. The merger is contextualized against a backdrop of industry consolidation, with the recent acquisitions of Inmarsat by Viasat and OneWeb by Eutelsat earlier in the year.

Satellite Communications, Maritime, Technology Sector,Luxembourg, United States

https://mergersacquisitions.einnews.com/article/707772711/zW5bzYxv6KeQNmBb?ref=rss&ecode=Q1vNcweEggLWKz7L