Satellite firm SES to buy Intelsat for $3.1 billion, debt concerns sink shares.
In: FRPT- Telecom Snapshot, 2024-05-07, S. 9-9
Zeitungsartikel
Zugriff:
Satellite company SES has agreed to acquire Intelsat Holdings for $3.1 billion, a move aimed at creating a major European player in the telecom industry. However, concerns about debt have caused SES's shares to plummet to a record low. European satellite companies are seeking consolidation to better compete with US rivals like SpaceX's Starlink and Amazon's Project Kuiper. While analysts welcome the move to gain scale, there are doubts about whether it will close the gap with US competitors and the potential burden of debt on SES. [Extracted from the article]
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Satellite firm SES to buy Intelsat for $3.1 billion, debt concerns sink shares.
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Zeitschrift: | FRPT- Telecom Snapshot, 2024-05-07, S. 9-9 |
Veröffentlichung: | 2024 |
Medientyp: | Zeitungsartikel |
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