(Bloomberg) — Intelsat SA and other satellite providers have reached a deal with federal regulators on compensation for giving up airwaves in an auction, said two people familiar with matter.The companies are seeking payment for freeing airwaves U.S. regulators want to reallocate for mobile users. Wall Street had been fretting that a plan unsatisfactory to satellite operators would prompt them to walk out of the negotiations. An accord between the two sides presumably would blunt that risk.U.S. Federal Communications Commission chairman Ajit Pai is to reveal a proposal later Thursday for a vote at the commission’s Feb. 28 meeting.Intelsat soared …read more
Source:: Yahoo Finance
