The merger between Luxembourg-based SES and Intelsat is now official, resulting in a significantly expanded satellite fleet. The combined entity boasts a total of 120 satellites, comprising 90 geostationary and 30 medium earth orbit (MEO) spacecraft. This strategic move positions the new SES as a major player in the global satellite market.

“Today, we’re not just merging two companies – we’re creating a stronger company, built for the future. I want to extend a warm welcome to all new employees, customers, and partners,” stated Adel Al-Saleh, CEO of SES. He further emphasized the combined strengths: “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.”

The newly formed company has ambitious plans to capitalize on emerging markets. Its strategy includes focusing on the Internet of Things (IoT), direct-to-device communications, inter-satellite data relay, space situational awareness, and quantum key distribution. This expansion comes amidst a decline in video revenues across the industry; however, the combined entity anticipates low or mid-single-digit revenue growth, reaching €3.7 billion by 2028.

“Our focus is clear: to grow, to lead in high-potential markets, and to shape the future of our industry. This is a long-term play, and we are building with the future in mind — growing year after year, expanding our capabilities, and creating lasting value for our customers and shareholders alike,” Al-Saleh added.

SES will maintain its headquarters in Luxembourg, with a significant presence in the United States, based in McLean, Virginia. The company remains publicly listed on the Paris and Luxembourg stock exchanges.