TAMPA, Fla. — Satellite operators have welcomed the prospect of reaping more than $6 billion for quickly clearing upper C-band spectrum the FCC aims to auction next year, with billions more set to cover new geostationary spacecraft and other transition costs.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...