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MarketScreener Homepage  >  Equities  >  Nyse  >  Intelsat S.A.    I   LU0914713705

INTELSAT S.A.

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C-Band Alliance : Responds to Announcement by Federal Communications Commission Chairman Regarding the C-Band Spectrum Proceeding

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11/18/2019 | 01:29pm EDT

The C-Band Alliance (“CBA”), comprised of the leading global satellite operators Intelsat (NYSE: I), SES (Euronext Paris: SESG), and Telesat, responded today to an announcement by the Chairman of the Federal Communications Commission (“FCC”) that he intends to pursue a public auction to clear the satellite spectrum currently licensed to the members of the C-Band Alliance.

In a statement, the CBA said, “The FCC Chairman’s indication that he intends to pursue a public auction of C-band spectrum is a significant departure from the CBA’s market-based proposal. The announcement does not address the critical involvement of the incumbent satellite operators in executing the complex task of reconfiguring and transitioning their networks. Nor does the announcement address the fundamental modification of the rights afforded by the existing FCC licenses held by the CBA members which would be required under a public auction approach.

“To ensure U.S. national security interests, U.S. leadership in 5G innovation and the expected accompanying GDP and job growth, the full cooperation of the satellite operators will be required to ensure the successful clearing of the C-band while protecting the incumbent broadcast services enjoyed by millions of U.S. households.

“We will continue to work cooperatively with the FCC to develop an effective alternative plan and achieve the best outcome for the American public while protecting the interests of our users and the rights of our companies.”

Forward-Looking Statements

The repurposing of any C-Band spectrum, and any incentive compensation or cost recovery to be received by CBA members, is contingent upon the terms included in a final FCC order.

About the C-Band Alliance

The C-Band Alliance, or CBA, is comprised of leading global satellite operators Intelsat (NYSE: I), SES (Euronext Paris: SESG), and Telesat. The role of the CBA is to implement the safe and efficient clearing and repurposing of C-band spectrum, supporting the United States in its goal of leadership in 5G deployment and innovation. Its breakthrough, market-based proposal to clear spectrum will also protect the quality and reliability of existing C-band services, providing current users certainty and operational integrity. For more information, please visit www.C-BandAlliance.com.


© Business Wire 2019
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Financials (USD)
Sales 2020 1 919 M
EBIT 2020 695 M
Net income 2020 -532 M
Debt 2020 14 087 M
Yield 2020 -
P/E ratio 2020 -0,31x
P/E ratio 2021 -0,34x
EV / Sales2020 7,43x
EV / Sales2021 7,38x
Capitalization 167 M
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Number of Analysts 13
Average target price 8,89  $
Last Close Price 1,18  $
Spread / Highest target 2 442%
Spread / Average Target 654%
Spread / Lowest Target -15,3%
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Managers
NameTitle
Stephen Spengler Chief Executive Officer & Director
David P. McGlade Chairman
David M. Tolley Chief Financial Officer & Executive Vice President
Justin Miles Bateman Director
Edward A. Kangas Independent Director
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