SES says FCC Upper C-band order could unlock about $5.6 billion in incentive payments

SES and Eutelsat said the FCC’s Upper C-band order clears 160 MHz for U.S. wireless use, with auctions by July 2027, clearing deadlines in 2030 and 2031, and contingent incentive payments plus transition-cost reimbursement.

Summary

SES said the U.S. Federal Communications Commission approved the Upper C-band Report & Order, making 160 megahertz of spectrum in the contiguous United States available for flexible-use wireless services through an auction due by July 2027, with clearing deadlines in 2030 and 2031. SES said it could receive about $5.6 billion in gross incentive payments if it clears the spectrum on time, while Eutelsat said it stands to receive $504 million, or about €443 million pre-tax, with payment expected in 2031 if it meets the same deadlines while maintaining customer service. Both companies said the order also provides reimbursement of eligible transition costs.

Terms & Concepts
  • Upper C-band: Portion of radio spectrum used by satellite operators and targeted for repurposing to terrestrial wireless services.
  • competitive bidding: Auction process the FCC uses to assign spectrum licenses.
  • clearinghouse: Body that reviews and approves eligible transition cost reimbursements.