European Swoops in for Satmex

European Swoops in for Satmex

Mexico Europe M&A

France’s Eutelsat Communications has agreed to acquire Mexico’s Satmex, the parties say, for an enterprise value of $1.14bn. The transaction caps off a long saga involving two bankruptcies for the Mexican satellite operator, though the actual sale was quite speedy, according to people familiar with the process. The competitive process was heard beginning in May, and initially involved about 25 parties, including satellite operators and financial players with telecom experience. The deal includes

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