Intelsat Gains on SES Hookup

Intelsat SA (NYSE: I) and SES proposed joint use of C-band by satellite and terrestrial mobile operators in the U.S.

The two firms announced alignment on a proposal to the U.S. Federal Communications Commission (FCC) which seeks to protect the wide array of established satellite services in the 3700-4200 MHz C-band downlink spectrum while opening a specified portion of that spectrum for terrestrial mobile use.

The joint proposal, which was developed in response to the unique U.S. telecommunications environment, aims to protect the quality and reliability of the extensive services provided by satellite operators in C-band to U.S. broadcasters, media and data companies.

The proposal ensures the continued seamless distribution of video and audio programming to more than 100 million U.S. households, and the reliable provision of critical data connectivity in rural areas and emergency situations, as well as services delivered to the U.S. government.

Intelsat CEO Stephen Spengler said, “Our priority continues to be creating a framework that provides certainty and protects the quality and reliability of the services we provide to our media, network services and government customers. Our proposed market-based solution provides a speedy resolution to the U.S. objective of accelerating deployment of 5G services.

"With Intelsat and SES now in agreement on major tenets of the framework and with the support of Intel, we are confident in our ability to implement this proposal quickly and efficiently, ultimately to the benefit of American consumers and the U.S. economy."

I shares added four cents, or 1.6%, to $2.56.