{"id":63731,"date":"2018-10-26T18:02:28","date_gmt":"2018-10-26T10:02:28","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/rbc-capital-supports-c-band-alliances-new-fcc-proposal\/"},"modified":"2018-10-26T18:02:28","modified_gmt":"2018-10-26T10:02:28","slug":"rbc-capital-supports-c-band-alliances-new-fcc-proposal","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/rbc-capital-supports-c-band-alliances-new-fcc-proposal\/","title":{"rendered":"RBC Capital Supports C-Band Alliance\u2019s New FCC Proposal"},"content":{"rendered":"<\/p>\n<p>Toronto-based financial services firm <strong>RBC Capital<\/strong> raised its price targets on the satellite operator members of the <strong>C-Band Alliance<\/strong> after the organization sent an updated proposal to the <strong>U.S. Federal Communications Commission (FCC)<\/strong> offering to redeploy an additional 200 MHz of spectrum to support 5G rollout.<\/p>\n<p>&nbsp;<\/p>\n<p>RBC Capital raised its target on \u201cpreferred play\u201d <strong>Intelsat<\/strong> from $30 to $66, which represents a significant 107 percent increase from its current position. <strong>Eutelsat<\/strong>\u2018s rating jumped from 18 Euros to 19.5 Euros. The Canadian financial firm also raised its perform rating on SES from 17.5 Euros to 26 Euros, but issued an additional caution on the European operator. \u201cWhile <strong>SES<\/strong> could see further upside due to the C-band airwaves, the underlying business remains sluggish with its exposure to structural decline in high ARPU European Video transponders,\u201d RBC Capital said in a statement to press. The firm did not comment on <strong>Telesat<\/strong>.<\/p>\n<p>Intelsat, SES, Eutelsat, and Telesat created the C-Band Alliance earlier this year to facilitate clearing and repurposing of C-band downlink spectrum to support&nbsp;rapid 5G network deployment across the United States. At the same time, the organization aims to protect the interests of the C-band user community, which includes TV and radio programming distribution to over 100 million U.S. homes, as well as private commercial and government media and data networks. C-band Alliance members Intelsat and SES will be speaking alongside <strong>T-Mobile, Qualcomm,<\/strong> and <strong>Crown Castle at the DC5G 2018 event in Washington D.C. on November 12.<\/strong><\/p>\n<p>RBC\u2019s performance upgrade displays some confidence in the satellite operators\u2019 ability to protect C-band resources. Other market observers, such as <strong>Berenberg<\/strong> Satellite Equity Analyst Sarah Simon, have been more skeptical. <strong>In a recent report,<\/strong> Simon doubted that today\u2019s very pro-cellular industry FCC would give satellite operators priority over potential C-band-driven tax revenue. \u201cThe FCC\u2019s authority to run auctions is enshrined in a number of budget acts, and the revenue raised from auctions is clearly seen as an important point by the FCC, as indicated in the annual spectrum auction reports submitted by the commission, which confirm that the money raised from spectrum auctions is used for \u2018broader government use and deficit reduction,\u201d Simon wrote in the report.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toronto-based financial services firm RBC Capital raised its price targets on the satellite operator members of the C-Band Alliance after the organization sent an updated proposal to the U.S. Federal Communications Commission (FCC) offering to redeploy an additional 200 MHz of spectrum to support 5G rollout. &nbsp; RBC Capital raised its target on \u201cpreferred play\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63733,"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-63731","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\/63731"}],"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=63731"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/63731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/63733"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=63731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=63731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=63731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}