Intelsat SA fought back against competitor SES Americom Inc.'s $1.8 billion breach-of-contract claim related to a deal to split proceeds from clearing the “C-band” spectrum.
Any agreement between the satellite operators was disbanded once the Federal Communications Commission terminated their private, market-based approach to clear the spectrum, Intelsat said in a July 16 filing with the U.S. Bankruptcy Court for the Eastern District of Virginia.
The company stands to earn up to nearly $5 billion from the FCC for quickly freeing up the telecommunications spectrum for 5G cellular service providers.
SES, which also filed court papers July 16, countered that ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.
