Satellite operators’ shares plummet as FCC plumbs for public 5G spectrum auctions
https://www.theregister.co.uk/2019/11/20/satellite_operators_shares_plummet_as_fcc_plumbs_for_public_5g_spectrum_auctions/
The shares of satellite operators continued to plummet today after it became clear that the Federal Communications Commission (FCC) was going to seize valuable spectrum off them and resell it to mobile phone companies.
On Monday, FCC chair Ajit Pai tweeted that he was going to back a public auction of the so-called C-Band spectrum running between 3.7 to 4.2GHz in order to provide enough bandwidth for next-generation 5G networks.