---
title: SES Global to buy rival New Skies for US$760 million - Developing Telecoms
description: SES Global to buy rival New Skies for US$760 million
canonical_url: https://developingtelecoms.com/telecom-technology/satellite-communications-networks/136-ses-global-to-buy-rival-new-skies-for-us760-million.html
language: en-GB
date: 2013-08-14T14:38:47Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-technology/satellite-communications-networks/136-ses-global-to-buy-rival-new-skies-for-us760-million.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 922
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/satellite-communications-networks/136-ses-global-to-buy-rival-new-skies-for-us760-million.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


SES Global, the world's largest operator of satellites, is to buy New Skies Satellites for US$760 million...

 SES Global, the world's largest operator of satellites, is to buy New Skies Satellites for US$760 million.

Hoping to promote its presence in  Latin America  and the   Indian Ocean  (  India  , the   Middle East  and   Africa  ), SES Global will have to refinance New Skies' estimated US$400 million of debt once it has paid out US$22.52 per share, bringing the total acquisition costs to almost US$1.2 million.

That the satellite industry has been undergoing rapid consolidation and attracting large investment over the past two years is not in dispute. In fact, despite being under the view of the regulators, Intelsat's proposed US$3.2 billion purchase of PanAmSat will promptly overtake SES Global's new acquisition as the world's largest.

New Skies had already been bought in 2004 by private equity firm Blackstone Group. Although registered in   Bermuda  , its main operating subsidiary is based in the   Netherlands  . It has five satellites and annual revenue of about US$233 million.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/essential-reading.com\/#alec_barton_1e24d4a2cb"
            },
            "dateModified": "2013-08-14T14:38:47Z",
            "datePublished": "2005-12-22T00:00:00Z",
            "description": "SES Global to buy rival New Skies for US$760 million",
            "headline": "SES Global to buy rival New Skies for US$760 million",
            "image": {
                "@id": "https:\/\/essential-reading.com\/#defaultLogo"
            },
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/essential-reading.com\/telecom-technology\/satellite-communications-networks\/136-ses-global-to-buy-rival-new-skies-for-us760-million.html"
            },
            "publisher": {
                "@id": "https:\/\/essential-reading.com\/#defaultPublisher"
            },
            "url": "https:\/\/essential-reading.com\/telecom-technology\/satellite-communications-networks\/136-ses-global-to-buy-rival-new-skies-for-us760-million.html"
        },
        {
            "@type": "Person",
            "name": "Alec Barton",
            "@id": "https:\/\/essential-reading.com\/#alec_barton_1e24d4a2cb"
        },
        {
            "@id": "https:\/\/essential-reading.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        },
        {
            "@id": "https:\/\/essential-reading.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/essential-reading.com\/",
            "logo": {
                "@id": "https:\/\/essential-reading.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->