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Depressed satellite operators grasp at C-Band spectrum straw

The third quarter of 2017 delivered some record results for many in the video technology space, notably Amazon’s massive $11bn revenue growth over last year to $43.7bn, but an area consistently failing to perform is the satellite industry – which is why stock prices crashed across the big three fleet operators last week. Luxembourg’s SES, the largest of three, saw a five-year stock price low of $16.82, falling from $19.37 after it reported a 3.8% fall in video revenues and a profit decline of 5.4%. Eutelsat posted revenues down 9.3% to $405.2m, with its video sector slipping 0.8%, leading to stock sliding 14% to $23.19. Intelsat, which is perhaps the most troubled of the trio, actually grew revenues by 9%…

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