Bloomberg Law
Feb. 6, 2020, 9:00 PM UTC

Intelsat, Rivals To Share $14.9 Billion in 5G Airwaves Plan (1)

Todd Shields
Todd Shields
Bloomberg News
Jon Morgan
Bloomberg News

Intelsat SA and other satellite providers would share as much as $14.9 billion under a proposal from federal regulators to compensate them for giving up airwaves in an auction to wireless companies.

The U.S. Federal Communications Commission announced Thursday a plan that would provide $9.7 billion in compensation to Intelsat, SES SA and other companies if they hit deadlines for leaving the airwaves quickly, and another $3.3 billion to $5.2 billion to pay for costs of making the switch.

“It’s only fair that every single reasonable cost should be covered,” FCC Chairman Ajit Pai <-bsp-bb-link state="{"bbDocId":"Q5AJSKT0AFB7","_id":"00000170-1c68-d68c-aff1-fcefee0d0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">said Thursday.

At stake is ...

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