SES has successfully finalized its acquisition of the satellite operator Intelsat, marking the creation of a new global leader in multi-orbit communications.

According to the press release, SES now manages a fleet of approximately 120 satellites: 90 in geostationary orbit (GEO) and an additional 30 in medium earth orbit (MEO). The company also gains strategic access to low earth orbit (LEO) satellites.

The combined infrastructure will enable SES to provide integrated communication services for governments, aviation, maritime, and media businesses around the globe. This positions the company to capture a rapidly growing market share of 60%.

SES forecasts that the total revenue post-merger will be around €3.7 billion, with EBITDA expected to reach €1.8 billion. The company anticipates achieving savings of €2.4 billion, primarily over the next three years.

The headquarters of the newly formed entity will remain in Luxembourg, and SES shares are traded on the stock exchanges of Paris and Luxembourg.

SES's financial advisors included Guggenheim Securities, Morgan Stanley, and Deutsche Bank, while Intelsat was advised by PJT Partners and law firms Skadden, Wiley Rein, and Elvinger Hoss Prussen.