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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on May 2, 2025

    Featured image for article about Finance

    BRUSSELS (Reuters) -EU antitrust regulators will decide by June 10 whether to clear European satellite company SES's 3.1 billion euro acquisition of Intelsat, according to a filing on the European Commission website.

    SES, which operates a multi-orbit fleet of around 70 satellites providing services such as video broadcasting, government communications and broadband internet and is seen as an alternative to SpaceX's Starlink, sought EU approval for the deal on April 29.

    The EU competition enforcer can clear the deal with or without remedies after the end of its preliminary review or it can open a full-scale four-month long investigation if it has serious concerns.

    The deal by the Luxembourg-based satellite operator would create a major European player to better compete with Elon Musk's SpaceX-owned Starlink, and Amazon's Project Kuiper.

    (Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

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