Intelsat is a multinational satellite services provider, delivering services to commercial, governmental, and military organizations. Operating one of the world's largest integrated satellite and terrestrial networks, the company offers video broadcasting, broadband connectivity, and secure satellite communications. Intelsat partners with organizations like Vodafone, Gilat Satellite Networks, and SKY Perfect JSAT Corporation, and works with launch providers such as Arianespace and International Launch Services to manage its satellite program from design and construction through launch and in-orbit operations.
All verified mentions of this organization in source documents.
Intelsat extended its contract for MEV-1, which in 2020 docked with Intelsat-901 in a GEO graveyard orbit a few hundred kilometers above active satellites and lowered the spacecraft back into service.
Intelsat signed a deal to use the MEV-2 servicer currently docked with its 10-02 satellite to extend the spacecraft’s life by four years to 2030.
Northrop Grumman’s MEV is expected to provide an additional nine years of life to the Intelsat 10-02 (IS-10-02) geosynchronous satellite.
SES plans to spend around $3,000,000,000 of cash in its proposed acquisition of Intelsat.
Eutelsat has a deal worth as much as $500,000,000 to sell LEO capacity to Intelsat.
SES and Intelsat have a combined revenue of around $4,100,000,000 following their announced merger.
Intelsat had $3,000,000,000 (€2.75 billion) of senior secured notes at 6.5% due in 2030 as of 31 December 2023.
Intelsat expects non-cash revenue items of around €175 million in 2024, reducing to €20–30 million by 2030.
At Closing, SES will issue transferable contingent value rights (CVRs) to Intelsat entitling the holders to 42.5% of net proceeds from any future monetisation of up to 100 MHz of the combined company’s C-Band downlink spectrum at 3.98–4.2 GHz.
Remaining expected U.S. C-band clearing cost reimbursements as of 31 December 2023 were approximately €410 million for SES and approximately €435 million for Intelsat.
Intelsat’s Brazil Network Operations Center has grown in staff to deliver better support for regional customers and offers 24/7 access to support representatives fluent in five languages including Brazilian Portuguese.
SES and Intelsat agreed on the acquisition on 2024-04-30.
SES is acquiring Intelsat for $3,100,000,000 in cash along with certain contingent value rights for 100% of Intelsat.
SES S.A. will acquire Intelsat S.A. through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l.
The combined SES–Intelsat company would have estimated adjusted EBITDA of $1,900,000,000 for 2024.
SES S.A. will pay a cash consideration of $3,100,000,000 (€2.8 billion) and certain contingent value rights to acquire Intelsat Holdings S.a.r.l.
The combined SES–Intelsat company would have about $4,100,000,000 in annual revenues.
SES and Intelsat together operate more than 100 geostationary (GEO) satellites combined.
SES will acquire 100% of the equity of Intelsat Holdings S.a.r.l. for $3,100,000,000 (2,800,000,000 EUR) plus certain contingent value rights.
The transaction implies an Enterprise Value of $5,000,000,000 (4,600,000,000 EUR) for Intelsat.