Analyst: “SES will update on merger talks with Intelsat”
May 2, 2023
By Chris Forrester
Sami Kassab, an analyst with investment bank Exane/BNPP, in a flash note to clients says he expects SES to reaffirm its financial guidance for 2023 and also to “provide an update on merger talks with Intelsat”. SES will deliver its Q1 2023 numbers on May 4th.
Kassab reminded clients that SpaceX successfully launched two important mPOWER satellites for SES on April 28th.
“SES is now one launch away from completing its global medium earth orbit constellation due to enter into service in Q3 23. mPOWER needs 6 space crafts to provide global coverage,” explained Kassab.
He added the bank’s view, saying: “The successful launch of mPOWER satellites 3 and 4 bring the company one step closer from launching mPOWER. As such it reduces the risk on that project and could trigger a slightly positive share price reaction.”