What Happened
European Satellite Operators Set for Major Windfall
European satellite operators Eutelsat and SES are set to receive roughly $6.1 billion in combined payments for helping clear satellite spectrum for US wireless services. The payments, which depend on the companies moving their satellite services from the C-band spectrum by deadlines in 2030 and 2031, are part of a Federal Communications Commission plan to make part of the spectrum available for mobile networks. Both companies will also be reimbursed for eligible transition costs. This development was reported by Reuters.