{"id":60493,"date":"2020-02-06T01:04:31","date_gmt":"2020-02-05T17:04:31","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/intelsat-reportedly-hires-bankruptcy-firm-kirkland-ellis-considering-chapter-11\/"},"modified":"2020-02-06T01:04:31","modified_gmt":"2020-02-05T17:04:31","slug":"intelsat-reportedly-hires-bankruptcy-firm-kirkland-ellis-considering-chapter-11","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/intelsat-reportedly-hires-bankruptcy-firm-kirkland-ellis-considering-chapter-11\/","title":{"rendered":"Intelsat Reportedly Hires Bankruptcy Firm Kirkland &#038; Ellis, Considering Chapter 11"},"content":{"rendered":"<\/p>\n<p><strong>Intelsat <\/strong>has reportedly hired law firm <strong>Kirkland &amp; Ellis<\/strong> to consider a possible Chapter 11 bankruptcy if U.S. regulators don\u2019t increase the company\u2019s compensation for C-band spectrum, Bloomberg Law reports.<\/p>\n<p>Intelsat told<em>&nbsp;Via Satellite<\/em> on Wednesday that it will not comment on rumor, and Kirkland &amp; Ellis did not respond to a request to comment. Intelsat\u2019s stock closed at $3.72 per share on Wednesday after opening at $4.00 per share Wednesday morning.<\/p>\n<p>Intelsat is part of the <strong>C-Band Alliance<\/strong> (CBA), with <strong>SES<\/strong> and <strong>Telesat<\/strong>, a group of operators that hold the licenses to the mid-band spectrum targeted for reallocation to 5G wireless services. The CBA has committed to clear 300 MHz of C-band spectrum, proposing control of a privately held auction that would bring in revenue for the operators. In November, however, <strong>Federal Communications Commission<\/strong> (FCC) Chairman Ajit Pai revealed his intent to pursue a public auction to clear the spectrum.<\/p>\n<p>Pai is expected to publish his proposed plan to auction and reallocate C-band spectrum on Wednesday. The plan is expected to include details about how satellite operators with C-band licenses will be compensated (if at all) from the auction. It is unclear whether or not a potential Chapter 11 reorganization would impact or delay the FCC\u2019s C-band proceedings. Pai\u2019s proposal is expected to be on the agenda for the FCC\u2019s Feb. 28 meeting.<\/p>\n<p><em>The Latest: Read Via Satellite\u2019s update on the FCC draft order here.&nbsp;<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intelsat has reportedly hired law firm Kirkland &amp; Ellis to consider a possible Chapter 11 bankruptcy if U.S. regulators don\u2019t increase the company\u2019s compensation for C-band spectrum, Bloomberg Law reports. Intelsat told&nbsp;Via Satellite on Wednesday that it will not comment on rumor, and Kirkland &amp; Ellis did not respond to a request to comment. Intelsat\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48977,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-60493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/60493"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=60493"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/60493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/48977"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=60493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=60493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=60493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}