Luxembourg-based Multi Earth Orbit (MEO) satellite operator SES has confirmed that the US Federal Communications Commission (FCC) has validated the certification of its Phase II accelerated C-band clearing and relocation activities. With this milestone – and following the successful completion of its Phase I activities in 2021 – SES has fulfilled its commitment to the FCC’s programme to clear a portion of the C-band to allow the rollout of 5G services across the US.
SES notes that it has satisfied the Phase II relocation requirements in advance of the 5 December 2023 deadline and is now eligible to receive the accelerated relocation payment of USD2.99 billion (before tax of 18%-19%). SES expects this payment to be made in Q4 2023. SES received the FCC validation of its Phase I accelerated C-band-clearing activities in 2021 and secured the first accelerated relocation payment of USD1 billion in the subsequent year.
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