SES Closes on Its Intelsat Purchase

SES said Thursday it had closed on its $3.1 billion acquisition of Intelsat, 15 months after the deal was announced (see 2404300048). FCC approval came last week (see 2507110066). “Today, we’re not just merging two companies -- we’re creating a stronger company, built for the future,” said SES CEO Adel Al-Saleh. SES said the purchase helps it explore potential growth markets such as IoT, direct-to-device communications, inter-satellite data relay, space situational awareness and quantum key distribution.