Intelsat, Rivals To Share $14.9 Billion in 5G Airwaves Plan (1)

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.

“It’s only fair that every single reasonable cost should be covered,” FCC Chairman Ajit Pai said Thursday.

At stake is ...