financetom
Business
financetom
/
Business
/
EU regulators ask if Starlink is credible rival to SES, Intelsat
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU regulators ask if Starlink is credible rival to SES, Intelsat
May 26, 2025 6:07 AM

BRUSSELS (Reuters) -EU antitrust regulators, who are examining European satellite company SES's $3.1-billion bid for Intelsat, have asked the two companies' customers whether Elon Musk's Space X-owned Starlink is a credible rival to them.

The responses, due on Monday, will determine whether the European Commission, the EU executive, clears the deal with or without concessions or opens a full-scale investigation if it has serious concerns.

SES operates a multi-orbit fleet of around 70 satellites that provide services, including video broadcasting, government communications and broadband internet.

As the European Union seeks to develop an alternative to the U.S. companies, SES in common with other European satellite companies is seeking greater scale to better compete with Starlink and Amazon's Project Kuiper.

In a questionnaire sent to third parties and seen by Reuters, the EU competition watchdog asked if low-earth orbit satellites, such as those of Starlink and Eutelsat's OneWeb, are credible rivals for the supply of two-way satellite capacity.

They also wanted to know if low-earth orbit suppliers are taking part in tenders and customer contracts and winning them, and how they will affect competition in the next five years.

Respondents were asked whether they have the negotiating and bargaining power to secure favourable terms and conditions when purchasing two-way satellite capacity from SES and Intelsat, and if they can easily switch to a rival supplier.

The Commission has set a June 10 for its preliminary review of the deal.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Activist investor Elliott threatens Southwest Airlines proxy fight for leadership changes
Activist investor Elliott threatens Southwest Airlines proxy fight for leadership changes
Jul 8, 2024
July 8 (Reuters) - Activist investor Elliott Investment Management on Monday warned of a proxy fight to push for leadership changes at U.S. budget carrier Southwest Airlines ( LUV ) . In a letter to Southwest's ( LUV ) board, Elliott said while it is open to collaboration, it plans to move expeditiously to give shareholders a direct say on...
Clearwater Analytics Could Reaccelerate Growth Next Year, Oppenheimer Says
Clearwater Analytics Could Reaccelerate Growth Next Year, Oppenheimer Says
Jul 8, 2024
01:27 PM EDT, 07/08/2024 (MT Newswires) -- Clearwater Analytics Holdings ( CWAN ) could reaccelerate growth next year amid more reasonable investor expectations, Oppenheimer said in a note Monday. CWAN has a durable growth story and a defensible moat in the AI era as a system of records and Verticals leader, Oppenheimer analysts, including Brian Schwartz, said. We also see...
RBC Raises Cargojet Target to $189, Maintains Outperform, Ahead of Q2
RBC Raises Cargojet Target to $189, Maintains Outperform, Ahead of Q2
Jul 8, 2024
01:17 PM EDT, 07/08/2024 (MT Newswires) -- Cargojet ( CGJTF ) is the best-positioned stock from the trucking and diversified industrials sector, going into the second quarter, writes RBC Capital, The company reports its results on August 13 after market close. RBC's second quarter EBITDA estimate increases $2 million, to $79 million) on the back of the three-year agreement to...
Citi to cease operations in Haiti
Citi to cease operations in Haiti
Jul 8, 2024
(Reuters) - Citigroup ( C/PN ) said on Monday it was ceasing its operations in Haiti due to diminished international activity and lower institutional client demand in the country. The bank has maintained a presence in Haiti for more than five decades. Citi will voluntarily surrender its banking license, it said, adding that the move will not have a material...
Copyright 2023-2026 - www.financetom.com All Rights Reserved