Advanced Television

Boom-time for ‘Big Three’ satellite stocks

August 9, 2018

By Chris Forrester

The apparent enthusiasm for the re-use of satellite’s C-band frequencies over the US, and the accompanying optimism for the balance sheets of the operators, has driven stock prices upward.

The best mover is clearly Intelsat. Monday Aug 7th saw its share price jump 4.3 percent and took the price to $24.31. Not bad, considering that back in March the price was usually below $4.

But SES also enjoyed a good day, with its share price rising almost 4 percent to €17.85.

Intelsat and SES have equity analysts suggesting that they could be in for a “windfall” revenue gain from the sale of C-band spectrum worth $10 million between them.

But even Eutelsat, the world’s third-largest operator – and which has only a very small proportion of its coverage likely to benefit from the sale of spectrum – saw a 2.6 percent improvement in its share price, to €20.55 (and at one point t €20.68).

However, trading yesterday Aug 8th was more muted. SES dropped six euro-cents, Eutelsat one euro-cent and Intelsat rose 18 US-cents and neared a price of $25.

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