Intelsat plans to restructure its way out of bankruptcy

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In May 2020, veteran satellite operator Intelsat filed for bankruptcy. While the company’s shares had been struggling on the stock market for many years, the real motivation for the decision appeared to be directly tied to the FCC’s decision to shift satellite services from the 4.8 GHz (i.e., C-band) spectrum, in order that the spectrum might be used by terrestrial operators for 5G. In order to hasten the satellite operators’ transition, the FCC has offered major financial incentives…

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