SES, the provider of global content connectivity solutions, elects today to clear a portion of the C-band spectrum in the United States in accordance with the accelerated timeline detailed in the US Federal Communications Commission (FCC) Order published in the Federal Register on 23 April 2020. SES will file the election later today, ahead of the 29 May FCC deadline, the company said.
Accelerated clearing, including the migration of existing customers, is an important and resource-intensive process for the current C-band users. The SES Board of Directors has approved an investment envelope of USD 1.6 billion which includes the procurement and launch of new satellites and other equipment and services — expenses that are reimbursable through the program Clearinghouse. SES intends to place the vast majority of this investment with US suppliers.
In line with SES´s firm commitment to maintaining investment grade status, the company has secured deferred payment terms with the vendors taking part in the satellite programs associated with the accelerated clearing, ahead of reimbursement by the Clearinghouse. SES intends to meet the deadlines envisaged in the FCC Order, which entitles SES to receive up to USD 3.97 billion in accelerated relocation payments.
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 telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. Further information is available at: www.ses.com.