SES climbs after US FCC announces vote on new spectrum auction

SES SA

01/07/2026 09:11

** Shares in SES SESFg.LU rise close to 5% after the U.S. Federal Communications Commission said it would vote on setting up a new spectrum auction in 2027
** FCC plans July 22 vote to hold an auction of 160 megahertz of spectrum in the Upper C-Band
** "This would be positive news for SES, which has previously indicated its willingness to return spectrum in exchange for compensation," says ING analyst Jan Frederik Slijkerman
** The spectrum is currently used by SES and Intelsat, and to a lesser extent by Eutelsat ETL.PA, Slijkerman says
** SES is second-best performer on Europe's STOXX 600 .STOXX index
** The shares are up 34.7% YTD

(Reporting by Gianluca Lo Nostro)
((gianluca.lonostro@thomsonreuters.com;))