The European Commission has approved satellite operator SES’s 3.1-billion-dollar bid to acquire Intelsat, a deal expected to strengthen Europe’s position in the fast-growing satellite broadband market.
Both SES and Intelsat are global satellite network providers headquartered in Luxembourg, operating fleets of geostationary Earth orbit satellites. Despite its Luxembourg domicile, Intelsat maintains its primary operations and administrative headquarters in the United States.