SES

SES CEO Adel Al-Saleh says there are several contractual protections to ensure industry does not take a bath on the multi-billion-dollar project.

It is not quite Starlink, but Europe aims to have its own commercial satellite communication mega-ish constellation ready starting in 2030.

The EU and ESA signed a concession contract with a European industry consortium to deploy a roughly 292-satellite secure, sovereign communications system.

European satellite communications provider SES is to buy U.S.-based rival Intelsat in a bid to tackle competition from other low-Earth-orbit services.

Three months after confirming it was exploring a merger with Intelsat, Luxembourg-based satellite operator SES said June 22 that the talks are off.