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I Intelsat SA

0.3826
0.00 (0.00%)
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Last Updated: 01:00:00
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Share Name Share Symbol Market Type
Intelsat SA NYSE:I NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.3826 0 01:00:00

Echostar, Hughes And Intelsat Support FCC's Draft Regulatory Fee Order

08/05/2020 8:33pm

PR Newswire (US)


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ENGLEWOOD, Colo., May 8, 2020 /PRNewswire/ -- EchoStar Corporation (NASDAQ: SATS) and its Hughes Network Systems, LLC (HUGHES) business segment join with Intelsat (NYSE: I) today in support of the draft Regulatory Fee Order under consideration by the Federal Communications Commission for its May 13, 2020, Open Meeting.

EchoStar Corporation Logo. (PRNewsfoto/EchoStar Corporation)

Jennifer A. Manner, Senior Vice President, Regulatory Affairs, EchoStar/Hughes stated: "The draft Order is extremely important to U.S. satellite operators, including EchoStar/Hughes as well Intelsat, as it rebalances the regulatory fee structure to ensure that foreign satellite operators providing U.S. service, like domestic operators, pay regulatory fees for the work from which they benefit. This cost allocation will have several benefits, including removing an incentive for U.S. operators to move off-shore."

Susan Crandall, Associate General Counsel, Intelsat US LLC, stated: "The draft Order's conclusion to require foreign-licensed satellite operators to pay regulatory fees is a fair result that treats all satellite operators providing service to the U.S. equally."

Together, EchoStar/Hughes and Intelsat support the draft Order and, upon adoption at the upcoming Open Meeting, anticipate a fair outcome that will advance U.S. leadership in space innovation.

About EchoStar

EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments.

For more information, visit echostar.com. Follow @EchoStar on Twitter.

About Intelsat

As the foundational architects of satellite technology, Intelsat operates the world's largest and most advanced satellite fleet and connectivity infrastructure. We apply our unparalleled expertise and global scale to connect people, businesses and communities, no matter how difficult the challenge. Intelsat is uniquely positioned to help our customers turn possibilities into reality – transformation happens when businesses, governments and communities use Intelsat's next-generation global network and managed services to build their connected future.

Learn more at Intelsat.com.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/echostar-hughes-and-intelsat-support-fccs-draft-regulatory-fee-order-301055976.html

SOURCE EchoStar Corporation; Intelsat

Copyright 2020 PR Newswire

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