A deal to combine two heavy hitters in the geostationary satellite market is off the table. SES confirmed in a brief statement on Thursday that talks to merge with rival Intelsat “have ceased.” They had been trying to hammer out a deal since late March, with Bloomberg sources at the time valuing the potential transaction at more than...
SES has confirmed that it is holding talks with Intelsat over a possible merger, a move that would continue a wave of consolidation in the satellite space. The Luxembourg-based satellite operator issued a short statement substantiating rumours of tie-up talks that originated with Bloomberg. The newswire’s sources claimed that a deal could value the merged entity...
The Kamoa-Kakula copper complex went into production in May 2021. The company wants to capitalize on new technologies to accelerate the achievement of its objective of becoming the second largest copper mine in the world with an annual production of about 800,000 tons. Luxembourg-based telecom satellite service provider SES SA will continue to provide high-speed...
Luxembourg-based satellite group SES is in merger talks with US rival Intelsat, the Financial Times has claimed. The talks could be complicated since the two are current in a $9 billion legal battle. With the UK’s low earth orbiter OneWeb pondering a possible merger with its multi-orbit French peer Eutelsat pondering, analysts say convergence is...
