RBC Capital analyst Wilton Fry blames three distinct stories for the pullback over the last two days in shares of Intelsat - a report from Politico on Friday about efforts toward 5G nationalization; comments made by Senator Mike Doyle regarding a call for a reintroduction of the Airwaves Act; and the resignation of Preston Padden as the Head of Advocacy and Government Relations at the C Band Alliance. However, he regards the perceived issues as "noise" and believes the pullback is a "great buying opportunity," Fry tells investors. He reiterates an Outperform rating and $57 price target on Intelsat shares.