SES Americom, an SES Global company, today announced that it has acquired Verestar for a total cash consideration of $18.5 million, completing the transaction that was first announced last April. The completion follows approval of the transaction from the Federal Communications Commission, which came last month. SES Americom said it plans to fully integrate the operations, including people, teleport facilities and other assets that Verestar holds.
“With the additional expertise and resources gained through the Verestar acquisition, SES Americom has significantly deepened it technical resources and expanded its product lines and services,” said Andreas Georghiou, SES Americom senior vice president of business operations. “The most notable impact of the acquisition is the addition of four major teleports to the Americom network and a ten-fold increase in fiber connectivity improving customer access to Americom service platforms and the entire SES fleet of satellites.”
