EU antitrust regulators to decide on SES, Intelsat deal by June 10


FILE PHOTO: Satellite model is placed on SES logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration/File photo

BRUSSELS (Reuters) -EU antitrust regulators will decide by June 10 whether to clear European satellite company SES's 3.1 billion euro acquisition of Intelsat, according to a filing on the European Commission website.

SES, which operates a multi-orbit fleet of around 70 satellites providing services such as video broadcasting, government communications and broadband internet and is seen as an alternative to SpaceX's Starlink, sought EU approval for the deal on April 29.

The EU competition enforcer can clear the deal with or without remedies after the end of its preliminary review or it can open a full-scale four-month long investigation if it has serious concerns.

The deal by the Luxembourg-based satellite operator would create a major European player to better compete with Elon Musk's SpaceX-owned Starlink, and Amazon's Project Kuiper.

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Could your phone be affecting your skin? Dermatologists explain
AI is coming for the sommeliers
Happiness Report says it is better to be social than on social media
After K-pop and K-drama, here come K-games
Explainer-What is the World Trade Organization e-commerce moratorium?
More! More! More! Tech workers max out their AI use.
Meta's longtime content policy chief Bickert leaving to teach at Harvard
Coming of age: Mega Cat Studios releases new 'God of War' video game
AI agents: They’re fun. They’re useful. But don’t give them the credit card.
Scientists use saliva for non-invasive, AI-based Parkinson's test

Others Also Read