Eutelsat to receive $504 million under US wireless spectrum plan

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Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST July 27 : Satellite operator Eutelsat said on Monday it expected to receive $504 million in incentive payments under a U.

S. plan to free up airwaves for faster mobile and wireless services.The U.

S. Federal Communications Commission has approved a framework to move satellite services out of part of the C-band radio spectrum, allowing 160 megahertz of capacity to be used by telecoms companies for next-generation wireless networks.Eutelsat said the payment, expected in 2031, depends on it completing the move within deadlines set for 2030 and 2031 while maintaining service for customers.

The Paris-based company will also be reimbursed for costs linked to the transition. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Advertisement Also worth reading Content is loading...

Advertisement Expand to read the full story Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST Advertisement Business Eutelsat to receive $504 million under US wireless spectrum plan The logo of European satellite operator Eutelsat is displayed at the company’s headquarters in Issy-les-Moulineaux, near Paris, France, March 30, 2026.

REUTERS/Gonzalo Fuentes 27 Jul 2026 01:48PM (Updated: 27 Jul 2026 01:51PM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a newcards interface.

Give it a try. Click here to return to FAST Tap here to return to FAST FAST July 27 : Satellite operator Eutelsat said on Monday it expected to receive $504 million in incentive payments under a U.S.

plan to free up airwaves for faster mobile and wireless services.The U.S.

Federal Communications Commission has app