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Stock impact report

FCC to move forward on C-Band auction, may back incentives to shift spectrum -source [Reuters]

INTELSAT SA (I) 
Last intelsat sa earnings: 2/20 06:29 am Check Earnings Report
US:NYSE Investor Relations: investors.intelsat.com
Company Research Source: Reuters
FCC to move forward on C-Band auction, may back incentives to shift spectrum: source WASHINGTON (Reuters) - The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse “low single-digit billion-dollar” incentive payments to shift existing satellite users, a person familiar with the matter said. The C-band is a block of spectrum used by satellite company customers to deliver video and radio programming to 120 million U.S. households. It is seen as the most likely short-term source of available spectrum for next-generation 5G use. FCC officials briefed congressional staff last week that the commission believes it could cost about $4 billion to $5 billion to relocate satellite firms and is considering proposing “low-single-digit billions” in incentive payments to speed the transition. The FCC does not think it needs new congressional legislation to move forward, the person said, and is conside Show less Read more
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