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[$$] Egregious expectations - Intelsat edition

Jamie Powell

It's fair to say that Intelsat investors have had a pretty good 2018 so far. The explosive move in the share price seems to be the result of investors expecting Intelsat to sell a chunk of US radio spectrum which could be highly valuable to a mobile phone operator. Such enthusiasm for Intelsat follows from a proposal the company and chipmaker Intel (the two businesses are unrelated in all but name) put forward to the Federal Communications Commission last October.