Europe’s Eutelsat, SES set for $6 billion in US spectrum-clearing payments

Eutelsat and SES stand to receive roughly $6.1 billion in combined payments ‌for helping ⁠clear ⁠satellite spectrum for U.S. wireless services, they said on Monday.

Eutelsat expects $504 million in pre-tax payments, while SES expects about $5.6 billion, under a Federal Communications Commission plan to make ⁠part of ‌the C-band spectrum available for mobile networks.

SES shares were ⁠seen rising 8% in premarket trading.