(Boursier.com) — Against the tide, HIS jumped 4.3% to 5.1 euros at the start of the session. Investors welcome the end of discussions regarding a possible merger with Intelsat. The announcement of the surprise departure of the general manager, Steve Collar, ten days ago, had already been perceived by some as the beginning of the end for this merger which would have resulted in the creation of a company weighing more than 10 billions of dollars, debt included. It would have enabled the two operators to better face competition from billionaires Elon Musk and Jeff Bezos and their famous major space projects.
“Intelsat regularly engages in strategic conversations with potential partners, and we do not publicly comment on the content or outcome of those discussions,” Intelsat said.
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