European satellite giant SES to buy US rival Intelsat

Paris (AFP) April 30, 2024

European telecommunications satellite operator SES said Tuesday it would acquire US rival Intelsat for $3.1 billion as competition for space-based internet service gathers pace. The merger follows year-long talks for a deal and comes as tech billionaire Elon Musk already has his own constellation of internet satellites and Amazon's Jeff Bezos has launched test satellites. "In a fast-movi