BRUSSELS, June 10 (Reuters) - The European Commission
said on Tuesday it had unconditionally approved the proposed
acquisition of Intelsat by SES, confirming a story
Reuters exclusively reported earlier this month.
The $3.1-billion bid made by the European satellite company
for its rival will create a major European player to rival Elon
Musk's Space X-owned Starlink.
"The Commission concluded that the transaction would not
raise competition concerns in the European Economic Area," EU's
executive arm said in a statement.
Together with other European satellite companies,
Luxembourg-headquartered SES is looking for greater scale to
compete more effectively with Starlink and Amazon's ( AMZN )
Project Kuiper.