Spectrum Five Access Grant to US Market Rescinded
The FCC International Bureau rescinded Spectrum Five's 2012 grant of access to the U.S. market for a geostationary satellite to operate at 119.25 degrees west. An order Friday said Spectrum Five failed to meet its five-year milestone requirement of launch…
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and starting operations, and the $750,000 outstanding balance on its bond goes to the Treasury. The company in August surrendered an authorization it had been granted for a satellite to operate at 95.15 degrees west.