Satellite operator Intelsat files for Chapter 11 bankruptcy

Satellite operator Intelsat, which launched the world's first commercial communications satellite Intelsat 1 in 1965, filed for Chapter 11 bankruptcy Wednesday (May 13) in order to ease a multibillion-dollar debt and join an FCC spectrum clearing program. In a statement Wednesday, Intelsat representatives said the bankruptcy filing was spurred, in part, by the company's plan to join the FCC's accelerated clearing of the C-band spectrum to make way for faster 5G wireless satellite communications. More

(Source: Space.com - May 15)