Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 214

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 214
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 factors that SES believes to be reasonable in the circumstances and constitute SES’s best judgment as of the date of SES consolidated financial statements. In the future, actual experience may deviate from these estimates and
assumptions, which could affect such financial statements as the original estimates and assumptions are modified, as appropriate, in the year in which the circumstances change.

The key estimates and assumptions are set out in the accounting policies and information relating to recently issued accounting guidance can
be found at Note 2 to SES’s consolidated financial statements.

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INFORMATION ABOUT INTELSAT

Intelsat operates one of the largest integrated space and terrestrial networks in the world providing a critical layer in the global
communications infrastructure. Across land, sea and air, Intelsat delivers the secure, always-available, high-performance connectivity relied on by governments, businesses and billions of people every day. With nearly 60 geostationary satellites,
Intelsat provides communications services to the world’s leading media companies, telecommunications operators, the U.S. government and other military organizations. Intelsat also provides inflight internet to 25 commercial airline partners and
nearly 3,000 aircraft. Intelsat is redefining the future with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless and secure coverage. Intelsat’s principal executive offices are located at 7900
Tysons One Place McLean, VA 22102-5972, USA, and its telephone number is (703)-559-6800.

178

INTELSAT – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with Intelsat’s audited consolidated financial statements and notes thereto for the fiscal years ended December 31, 2024 and December 31, 2023 included in the section titled “Index to Financial Statements of Intelsat S.A.” included elsewhere in this prospectus.

Company Overview

Intelsat operates a world-leading satellite communication services businesses, providing a critical layer in the global communications
infrastructure.

Intelsat provides diversified communications services to the world’s leading media companies, fixed and wireless
telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and internet service providers. Intelsat is also a leading provider of commercial satellite
capacity to the U.S. government and other select military organizations and their contractors.

Intels