Posted: Sat, Jun 24, 2023, 10:41 AM ET (1441 GMT)
Intelsat has ended merger talks with rival satellite operator SES. The companies had been negotiating a deal for at least three months that would have formed a group with around $4 billion in annual revenue as the companies face growing competition from SpaceX's Starlink and other megaconstellations. However, SES and Intelsat were ultimately unable to see eye-to-eye about their potential combination, including disagreements about billions of dollars in C-band spectrum clearing payments. SES confirmed early Thursday that those merger talks were over.

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