Wall Street flips over an esoteric airwaves fight

Wall Street has become fascinated with a battle over 5G airwaves at the Federal Communications Commission — not because of the next-generation technology itself, but because of the potential investment wins. The spotlight has been brightest on Intelsat, which has about $14 billion in debt and may need to clear a substantial sum from the airwaves sell-off to remain solvent. Intelsat could receive $4.85 billion in payments, but a major investor warned the company that unless better terms are reached with the FCC, the board has "no choice but to resort to bankruptcy."