EU Approves SES's $3.1 Billion Acquisition of Intelsat

Reported 2 days ago

The European Commission has unconditionally approved SES's $3.1 billion bid to acquire Intelsat, a move that will bolster competition against major players like SpaceX's Starlink. This acquisition, which raised no competition concerns within the European Economic Area, aims to enhance the scale of SES and other European satellite companies in the race against rivals such as Amazon's Project Kuiper.

Source: YAHOO

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