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Intelsat jumps 11% as RBC praises Intel C-band sharing

Oct. 03, 2017 6:18 PM ETIntelsat S.A. (INTEQ) StockINTC, INTEQBy: Jason Aycock, SA News Editor4 Comments
  • Intelsat (I +11%) vaulted and is up 0.7% after hours now after a positive call from RBC on its plan with Intel (INTC +0.9%) to share C-band spectrum for use in 5G networking.
  • The two companies jointly submitted a plan to the FCC to share that spectrum in what could be a "gold mine," says RBC's Wilton Fry.
  • Intelsat has about 500 MHz of potentially usable spectrum, in the 4 GHz-8 GHz satellite range, that doesn't suffer rain fade.
  • That spectrum is underused, Fry suggests, and if the deal is approved and the spectrum is monetized it could be worth $14/share. (Intelsat closed at $5.37 today.)

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