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Eutelsat has a deal worth as much as $500,000,000 to sell LEO capacity to Intelsat.
SES plans to spend around $3,000,000,000 of cash in its proposed acquisition of 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.
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.
Intelsat expects non-cash revenue items of around €175 million in 2024, reducing to €20–30 million by 2030.
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 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.
SES is acquiring Intelsat for $3,100,000,000 in cash along with certain contingent value rights for 100% of Intelsat.
SES and Intelsat agreed on the acquisition on 2024-04-30.
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.
SES S.A. will acquire Intelsat S.A. through the purchase of 100% of the equity of Intelsat Holdings S.a.r.l.
SES and Intelsat together operate more than 100 geostationary (GEO) satellites combined.
The combined SES–Intelsat company would have about $4,100,000,000 in annual revenues.
The transaction implies an Enterprise Value of $5,000,000,000 (4,600,000,000 EUR) for Intelsat.
Satcom Global and Intelsat have a global agreement to expand the Ku-band network supporting the AuraNow VSAT solution.
The first-stage booster used on the Galileo L12 mission previously supported launches for GPS III-3, Turksat 5A, Transporter-2, Intelsat G-33/G-34, Transporter-6, Intuitive Machines IM-1, and 13 Starlink missions.
Intelsat FlexMaritime is designed for mobility and provides a reliable, secure, high-speed global Ku-band service for ships of all sizes.