The FCC is working with other federal agencies to reallocate spectrum in the 3.1 GHz to 3.55 GHz band for commercial use, Pai said. These moves are part of the FCC's 5G FAST plan, which includes freeing up more spectrum for the commercial marketplace, promoting the deployment of wireless infrastructure, and modernizing regulations to push for more fiber deployment.
Intelsat has large holdings of C-band spectrum, which are airwaves that are primarily used to transmit cable TV through satellites. The FCC is looking to open up the spectrum for the rollout of 5G networks to US consumers.
Intelsat may be able to cash in on a market-based sale of C-band spectrum.
Price: 21.44, Change: +1.32, Percent Change: +6.59
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