PARIS — Fleet operator Intelsat’s stock resumed its thrill-ride pattern in the past week with market worries that political opposition is building to the proposed private sale of C-band spectrum, threatening the anticipated multibillion-dollar payday for satellite operators.
Intelsat and SES have near-equivalent amount of the C-band business over the United States and would stand to take home about the same amount of the proceeds from the sale of 200 MHz of C-band spectrum to terrestrial wireless networks.
Eutelsat of Paris and Telesat . . .
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