All the traditional satellite constellation companies are now engaged in mergers at varying stages, following confirmation from SES that it is in discussions with competitor Intelsat, also based in Luxembourg. This would create a combined company approaching $10bn in market capitalization and $4bn annual revenues. SES stresses talks are at early stages, but barring regulatory interference merger is likely to happen as a result of compelling economic drivers, which are likely to trump erstwhile differences between the two over strategy. This follows an impending $7.3bn acquisition of London based Inmarsat by the Californian headquartered Viasat, pending regulatory sign off, although it has been provisionally cleared in the UK. Meanwhile, Paris-based Eutelsat is in earlier stages of a $3.4bn merger with…