SES has completed its $3.1bn (€2.8bn) acquisition of rival Intelsat, creating a global satellite operator with an expanded fleet of 120 satellites.
The completion of the deal follows regulatory approval this summer for the transaction, including from the US Federal Communications Commission and the European Commission.
The companies provide ‘one-way' satellite capacity to broadcasters in the media sector, as well as ‘two-way' satellite capacity to a range of other industry sectors such as aviation, maritime and government.
In a statement, SES said the company's assets and networks, once fully integrated, will help it to better serve its customers.
The company said it would look to strengthen its network and explore emerging growth markets including Internet of Things (IoT), direct-to-device communications, inter-satellite data relay, space situational awareness, and quantum key distribution.
SES said it expects to deliver synergies worth €2.4bn from the deal, with 70% of the efficiencies coming within three years after closing. It said the savings will primarily come from streamlined operations, optimised capacity costs, and procurement efficiencies, along with the strategic integration of satellite fleets and ground infrastructure.
Adel Al-Saleh, CEO of SES, said: “In this new chapter, we are bringing together a powerful mix of talented people, network infrastructure, spectrum, innovation, and global relationships that will allow us to deliver next-generation connectivity and space-enabled services in smarter and quicker ways.”
SES remains headquartered in Luxembourg and is publicly listed on the Paris and Luxembourg stock exchanges.
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