M&A, IP, Patents European satellite company SES has agreed to buy Intelsat Holdings for $3.1 billion. The new company would have a fleet of more than 100 geostationary Earth orbit and 26 medium Earth orbit satellites. Though investors are concerned about the amount of debt SES is taking on for the acquisition, shares in Paris-listed SES fell 24% on the news on Tuesday. Financials AT&T reported Q1 earnings in line with last year’s values and beat analysts’ expectations for consumer growth. Mobility revenues grew about 3% (to $16 billion) and consumer broadband revenues around 8% (to $2.7 billion), while the firm had higher operating costs and lower equity income from DirecTV which meant that net income was $3.8billion, down from…