O3b secures funding for satellite system
Posted: Mon, Nov 29, 2010, 1:57 PM ET (1857 GMT)
O3b Networks announced Monday that it has raised $1.2 billion, enough to fund development of its broadband satellite constellation. The company, based in the Channel Islands, said it raised the money through a combination of equity investors, including satellite operator SES and Google, and through bank loans, much of which are backed by the French export credit agency Coface. O3b said the funding will allow the company to complete the development and launch of its initial satellites into a medium Earth orbit. Those satellites, to be built by Thales Alenia Space, are scheduled to launch in the first half of 2013 on a Soyuz rocket from French Guiana. The company, whose name is derived from the phrase "other three billion", aims to provide broadband communications to underserved parts of the world.
O3b Networks announced Monday that it has raised $1.2 billion, enough to fund development of its broadband satellite constellation. The company, based in the Channel Islands, said it raised the money through a combination of equity investors, including satellite operator SES and Google, and through bank loans, much of which are backed by the French export credit agency Coface. O3b said the funding will allow the company to complete the development and launch of its initial satellites into a medium Earth orbit. Those satellites, to be built by Thales Alenia Space, are scheduled to launch in the first half of 2013 on a Soyuz rocket from French Guiana. The company, whose name is derived from the phrase "other three billion", aims to provide broadband communications to underserved parts of the world.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Apex becomes billion-dollar company with $200 million Series D round
Posted: Sun, Sep 14 4:09 AM ET (0809 GMT) |
|
news links
|
|
Thursday, September 18
Russia developing Starlink rival at 'rapid pace,' space chief says
Reuters — 1:56 am ET (0556 GMT) Rocket Lab Looks To Raise $750M In Share Sale
Aviation Week — 1:53 am ET (0553 GMT) Blue Origin hires Christopher Fuller as marketing and comms head
PRWeek — 1:52 am ET (0552 GMT) Weather Causes SpaceX Team to Scrub Wednesday’s Liftoff Attempt From VSFB
Noozhawk — 1:50 am ET (0550 GMT) Update: SpaceX Launch from Vandenberg Rescheduled Due to Weather
Santa Barbara (CA) Edhat — 1:50 am ET (0550 GMT) |
