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Hedge fund mogul David Tepper takes a stake in Intelsat and urges a new FCC deal

Hedge fund mogul David Tepper takes a stake in Intelsat and urges a new FCC deal

David Tepper’s hedge fund, Appaloosa, took a minority stake in satellite company Intelsat on Tuesday and sent a letter to its board, urging the company to renegotiate terms of its 5G deal with the Federal Communications Commission. “We want a smart agreement for all parties and this isn’t smart for anybody,” Tepper told CNBC’s Scott Wapner.







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