A broad deal between General Electric and SES will give regional satellite operators Asiasat and Star One freer reign to compete in their markets. Under an agreement reached on Feb. 14, GE committed to unload its 19.5% share in SES for stock in a new company, provisionally named SES International Holdings, for €1.2 billion ($1.6 billion). This company will receive SES's 34.1% stake in Hong Kong-based Asiasat and a 19.99% share in Brazil's Star One and other holdings, plus €588 million ...

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