SES is a company that operates satellites.

What is upper C-band spectrum?

Upper C-band spectrum is a type of radio wave used for communication.

The FCC is a US government agency that regulates communication

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Why is SES stock surging today?

First publishedJul 27, 08:30 UTC

Last updatedJul 27, 11:04 UTC · 11m ago

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Answer

SES stock surged 6.7% after SES and Eutelsat disclosed they will get $6.1 billion in FCC payments. The payment is for clearing 160 MHz of upper C-band spectrum. SES will get $5.6 billion.

Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓

SES stock went up 6.7% today. This is because SES and Eutelsat will get $6.1 billion from the US government. They will get this money for clearing a special type of radio wave called upper C-band spectrum.

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In brief

What is SES?: SES is a company that operates satellites.
What is upper C-band spectrum?: Upper C-band spectrum is a type of radio wave used for communication.
What is the FCC?: The FCC is a US government agency that regulates communication

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Scouting report
SES and Eutelsat will get a large payment from the US government.
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TypeAngle
Investing.com · Stock MarketJul 27, 08:30Reports the exact amount of the payment

Related in the knowledge graph

organizationC-Band organizationEutelsat organizationFCC organizationInvesting.com organizationLuxembourg-headquartered organizationMHz organizationSES organizationWhy

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Investing.com · Stock Market6

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