Telecommunications: Planned merger of SES and US rival

Luxembourg-based satellite communications provider SES is in talks to merge with US rival Intelsat, the Financial Times reported.

According to the English newspaper, a rapprochement will be seen in order to jointly confront such rivals as, for example, Elon Musk and SpaceX. Discussions will still be at the very beginning and it will be hard to know if a merge is possible.

The State of Luxembourg owns 33% of SES. Over the past five years, the performance of a satellite communications service provider has steadily declined.

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