PARIS — The U.S. Federal Communications Commission (FCC)’s decision to pursue proposals to open 500 MHz of now satellite-only C-band spectrum for future terrestrial wireless 5G had the now-predictable effect of causing a big jump in Intelsat and, to a lesser degree, SES stock.

But comments of two FCC commissioners suggest that while the U.S. regulator looks favorably on the combined Intelsat-SES-Intel and, most recently, Eutelsat proposal, how it will play out is still unclear. The FCC decision now opens a period of several months for . . .

This content is restricted to subscribers