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Intelsat expands C-band debate as satellite stocks crash

The third quarter of 2017 delivered some record results for many in the video technology space, notably Amazon’s massive $11 billion revenue growth over last year to $43.7 billion, 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 $405.2 million, 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…

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