SES, Intelsat Deal Creating Satellite Giant Cleared by UK (2)

SES SA’s $3.1 billion acquisition of Intelsat SA was cleared by the UK’s competition regulator, in a move that will create a satellite giant to compete more closely with Elon Musk’s Starlink.

The Competition and Markets Authority decided on the basis of “the information currently available to it,” to not subject the deal to an in-depth probe, it said in a statement on Friday.

Together, Intelsat and SES will compete with not just Starlink but other satellite providers that have recently grown through acquisitions including Inmarsat Group Holdings Ltd., and France’s Eutelsat SA.

SES ...