(Bloomberg) — Intelsat SA could receive as much as $4.85 billion in payments for giving up airwaves to be used for fast 5G networks, according to details of the Federal Communications Commission’s proposal for the transition released Friday.Fellow satellite provider SES SA could receive about $4 billion, according to the plan posted online by the FCC.The proposal, announced by Chairman Ajit Pai on Thursday, envisions as much as $14.9 billion in payments to satellite companies including compensation for their switching costs.Intelsat erased losses on the news, with the stock trading little changed after plunging as much as 16% earlier.It faces …read more
Source:: Yahoo Finance
