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Intelsat Reaches Deal With the FCC on C-Band Airwaves

  • Plan to compensate Intelsat, SES faces Feb. 28 FCC vote
  • FCC plan would pay providers to leave airwaves, other costs
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Intelsat SA and other satellite providers would share as much as $14.9 billion under a proposal from federal regulators to compensate them for giving up airwaves in an auction to wireless companies.

The U.S. Federal Communications Commission announced Thursday a plan that would provide $9.7 billion in compensation to Intelsat, SES SA and other companies if they hit deadlines for leaving the airwaves quickly, and another $3.3 billion to $5.2 billion to pay for costs of making the switch.