The European Commission said on Tuesday it had unconditionally approved the proposed acquisition of Intelsat by SES (SESFg.LU), opens new tab, confirming a story Reuters exclusively reported earlier this month. The $3.1-billion bid made by the European satellite company for its rival will create a major European player to rival Elon Musk's Space X-owned Starlink. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. "The Commission concluded that the transaction would not raise competition concerns in the European Economic Area," EU's executive arm said in a statement.
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