There are several points to flag up concerning this week’s rumors that Eutelsat is poised to make a takeover bid for rival satellite fleet operator SES. These factors combined make the rumors seem far-fetched at present, but a deal in the future could prosper the two satellite powerhouses, amid declining video revenues. The most glaring issue is that the market cap for Luxembourg-based SES currently sits at more than double that of French firm Eutelsat, at $9.6 billion and $4 billion respectively. Furthermore, Eutelsat has racked up more debt with a net total of $4.25 billion, while SES has debt of $3.4 billion. We can therefore conclude straight from the off that SES is in a much safer position than…