Appaloosa Sends Letter to Intelsat Board of Directors With Respect to FCC’s Recent C-band Spectrum Auction Proposal

Appaloosa LP, which beneficially owns approximately 7.4% of Intelsat’s (NYSE: I) common stock, today sent a letter to Intelsat’s Board of Directors urging the Company to withhold acceptance of the Federal Communications Commission’s (FCC) Order detailing the FCC’s approach to clearing C-band spectrum in an upcoming auction until fair commercial terms can be negotiated. The full text of