Intelsat Stock Sinks After FCC Denies Bigger Payout
Intelsat stock is sinking today after the Federal Communications Commission voted 3-2 in favor of a plan to pay satellite companies to give up airwaves so they can be redeployed for the rollout of 5G. ... [Read]
Intelsat Stock Soars as Appaloosa Snaps Up Major Stake
Intelsat stock is soaring this week after hedge fund Appaloosa LP, headed by billionaire investor David Tepper, snapped up almost three million shares in the satellite maker and issued a fighting response to the FCC’s ... [Read]
Penny Stocks to Watch: Intelsat SA and Hecla Mining
After a difficult couple of weeks in which the outbreak of the Coronavirus, coupled with escalating geopolitical tensions, threatened to derail growth in the equity markets, the Dow Jones and S&P 500 rose to record ... [Read]
Intelsat Stock Sinks as Senate Introduces Final C-Band Auction Bill
Shares in satellite communication firm Intelsat (NYSE:I) are tanking today after the US Senate introduced the final draft of the C-Band auction bill, which would cap satellite incentive payments at US$1 billion were it to ... [Read]