FCC Approves Plan To Pay Satellite Companies To Give Up Airwaves

U.S. regulators approved a plan to pay Intelsat SA and other satellite providers to give up airwaves so they can be redeployed for the fast 5G mobile networks being rolled out. From a report: The Federal Communications Commission on a 3-2 vote Friday approved Chairman Ajit Pai’s plan for as much as $9.7 billion to clear the frequencies, with the money coming from bidders expected to include large telephone companies such as Verizon Communications Inc. The action “will help deliver 5G services to consumers across our country and promote our global leadership,” said Pai. The satellite companies use the spectrum to beam TV and radio programs to stations, but say they can give up part of it while still serving customers on frequencies they retain, in part because they would use new satellites to carry data. The FCC will sell the airwaves at a public auction. Pai earlier proposed that Intelsat get as much as $4.85 billion for clearing airwaves quickly. The FCC in its vote didn’t say if that figure had changed.