The US 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.

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…

(Corrects paragraph 3 to say SES's premarket shares are seen up 8 per cent, not Eutelsat's)July 27 : Eutelsat and SES stand to receive roughly $6.1 billion in combined payments…