David Wajsgras, chief executive of Intelsat, also highlighted the merger’s potential, remarking, “By combining our financial strength and world-class team with that of SES, we create a more competitive, growth-oriented solutions provider in an industry going through disruptive change.”
Shareholder and Regulatory Aspects
The deal has received backing from the boards of both companies, with 73% of Intelsat’s shareholders already pledging their support. Regulatory approvals are pending, with the closure of the transaction anticipated by the end of 2025.
Financial Advisory Roles
Guggenheim Securities, Morgan Stanley & Co. LLC, and Deutsche Bank Securities Inc. are providing financial advice to SES, while PJT Partners, represented by Latham & Watkins LLP and partner Robert Katz, are advising Intelsat.
SES To Buy Rival Intelsat For $3.1B : Market Reaction
Following the announcement, SES’s shares saw a downturn, dropping 11.80% to €4.37 on the Euronext Paris, reflecting the market’s initial reaction to the news.
