Intelsat S.A. (fka INTEQ)

[zc182]

Thanks.

Page 88. Section 217.

" Although some incumbent space station operators have argued for significantly more, we find $9.7 billion is a substantial margin lower than the total amount we estimate that overlay licensees themselves would be willing to spend to clear this spectrum early. This helps ensure that we do not impose an obligation on overlay licensees that we are not comfortable they would have assumed on their own, in the typical Emerging Technologies scenario in which voluntary acceleration payments would be feasible."

This leaves massive room for the new licensees (i.e. Verizon, AT&T, etc.) to actually OFFER more compensation above and beyond if the C-Band alliance decides that they need a higher offer. This shows that the FCC sees this 9.7B number as a minimum and 'safe offer'.