PARIS — SES is acquiring Intelsat for 2.8 billion euros ($3.1 billion) in cash in a transaction that both companies’ boards have approved after concluding that it will not encounter opposition from a major customer, the U.S. Defense Department.

The combined company will have more than 100 GEO-orbit satellites and 26 O3b medium-Earth-orbit broadband satellites at the deal’s expected closing in late 2025. They have eight more GEO-orbit satellites, all software-defined designs, and seven more O3b mPower MEO-orbit . . .

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