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Post Info TOPIC: O3b Networks
Blobrana


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RE: O3b Networks
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The financing has been secured for one of the most ambitious commercial space projects of the decade.
O3b Networks has raised $1.2bn (£700m) for a series of satellites to support super-fast broadband connections to Africa and other emerging markets.
The spacecraft will act as backhaul, linking the traffic of local telecoms and internet service providers to the global fibre infrastructure.
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Blobrana


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O3b Networks announced today that it has secured its final funding round before service launch. O3b Networks is the developer of a new fibre-quality, satellite-based global internet backbone for Telecommunications Operators and Internet Service Providers serving the emerging markets. The company has raised a total of US$ 1.2 billion from a group of investors and banks. This will see the company through to the launch of its first satellites which will provide low-latency, fibre-quality internet connectivity between developing markets and the global internet infrastructure.
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