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SES invests more capital into O3b

Global satellite operator SES S.A. announced today that it is participating in a second round of equity financing for O3b Networks in which SES has minority equity participation.


November 29, 2010  


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Global satellite operator SES S.A. announced today that it is participating in a second round of equity financing for O3b Networks in which SES has minority equity participation.

O3b Networks is the developer of a new fiber-quality, satellite-based, global internet backbone for telecommunications operators and Internet service providers in emerging markets. This second round of funding secures the financing required to take O3b through to its service launch in the first half of 2013.

O3b has now raised a total of US$1.2 billion from a group of investors and banks.