SES management 2021 bonus up 50% following U.S. C-band clearing milestone and cash payment

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PARIS — Satellite fleet operator SES’s senior management received a 50% increase in performance-based annual bonuses for 2021 by having cleared the Phase 1 C-band clearing milestone deadline set by the U.S. Federal Communications Commission (FCC).

SES received nearly $1 billion in incentive payments from the fund created with payments for C-band 5G spectrum by U.S. mobile network operators and stands to earn an additional $3 billion if, as expected, the company meets the December 2023 Phase 2 deadline. The company will also be . . .

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