SES: discussions confirmed with Intelsat
(CercleFinance.com) - Satellite operator SES confirmed on Wednesday that it is in talks with its US competitor Intelsat with a view to a possible merger between both groups.
At this stage, however, there is no certainty that an agreement will be finalised, SES said in a brief statement issued in response to market rumours.
SES' board of directors remains fully committed to acting in the best interests of SES and its shareholders, it added.
The announcement of these discussions boosted SES shares on the Paris stock exchange, with them rising almost 3%.
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At this stage, however, there is no certainty that an agreement will be finalised, SES said in a brief statement issued in response to market rumours.
SES' board of directors remains fully committed to acting in the best interests of SES and its shareholders, it added.
The announcement of these discussions boosted SES shares on the Paris stock exchange, with them rising almost 3%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.