For further information please contact:
Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com
FCC validates SES Phase II Certification, affirming SES’s completion of all C-band transition activities ahead of December 2023 deadline to secure $3 billion accelerated relocation payment
(BUSINESS WIRE)--SES announces today the U.S. Federal Communications Commission (FCC) has validated the certification of SES’s 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 rapid rollout of 5G services across the United States.
With the help of trusted partners across the U.S., SES has completed all of its Phase II C-band clearing and relocation requirements and all transition activities put forth in its Transition Plan. Phase II activities included:
In accordance with the FCC Report and Order issued on 3 March 2020, SES 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 $2.99 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 $1 billion in the subsequent year.
“We are incredibly proud to meet the FCC’s ambitious Phase II deadline ahead of schedule, and it speaks to the remarkable work and caliber of the SES team, our trusted partners, and our network of vendors over the last five years.” said Ruy Pinto, CEO at SES. “Beyond executing a major strategic project that enables the FCC to usher in the next generation of 5G connectivity and innovation in the United States, I am pleased to say we have placed our customers’ interests first and carefully transitioned our customers to ensure they will be able to continue delivering uninterrupted C-band broadcast and radio services to millions of American homes.”
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About SES
SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries ~8,000 channels and has an unparalleled reach of 369 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230809454253/en/
For further information please contact:
Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com