China Set To Profit Off Of Private Sale Of U.S. Taxpayer-Owned Satellite Spectrum

GURPS

INGSOC
PREMO Member
A coalition of foreign satellite companies is trying to convince the Federal Communications Commission (FCC) to free up the 3.7 to 4.2 GHz Band (mid-band, or “C-band”) for 5G internet services. The companies — Intelsat, SES, Eutelsat, and Telesat — are all 100% foreign owned and belong to a group called the C-band Alliance (CBA), which they have complete control of.

The CBA wants the FCC to allow for the private sale of the C-band spectrum, which they claim is a market-based approach.

However, critics note that “such a plan would be a scam against taxpayers since the spectrum was originally given to the satellite companies for free and [the foreign-owned companies] now are trying to monetize that bandwidth for their own profits,” according to investigative reporter Johnny Kampis.

What the CBA wants is so controversial that both Republicans and Democrats have come out against it.

Senator John Kennedy (R-LA) said last month: “Luxembourg shouldn’t reap huge profits at the expense of Louisianans. A multi-billion dollar, closed-door spectrum deal would mostly benefit foreign-owned satellite companies. The C-Band needs to be put up for public auction.”



https://www.dailywire.com/news/45769/china-set-profit-private-sale-american-satellite-ryan-saavedra
 
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