1. Appaloosa Sends Letter to Intelsat Board of Directors With Respect to FCC’s Recent C-band Spectrum Auction Proposal

    Appaloosa Sends Letter to Intelsat Board of Directors With Respect to FCC’s Recent C-band Spectrum Auction Proposal

    NEW YORK--(BUSINESS WIRE)--Appaloosa LP, which beneficially owns approximately 7.4% of Intelsat’s (NYSE: I) common stock, today sent a letter to Intelsat’s Board of Directors urging the Company to withhold acceptance of the Federal Communications Commission’s (FCC) Order detailing the FCC’s approach to clearing C-band spectrum in an upcoming auction until fair commercial terms can be negotiated...

     

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