Shortseller goes long, buys 6% of Intelsat, sees $60 billion for Intelsat and SES in C-band sale

by Peter B. de Selding

SINGAPORE — A Wall Street fund better known for shorting stocks including Dish Network, for its spectrum purchases; and ViaSat, for its consumer broadband business, has now accumulated more than 5% of Intelsat and is longer than long on both Intelsat and SES.

Kerrisdale Capital says Intelsat and SES ultimately will find a way to reap a combined $60 billion or so in monetizing their C-band spectrum over the United States, and will have to spend less than $900 million to do it.

For an investor accustomed to looking . . .

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