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
|
|
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT) |
|
news links
|
|
Monday, June 30
Starlink subscriptions drops 11% in Kenya as Safaricom 5G routers win over users
Techcabal — 5:42 am ET (0942 GMT) Citizens file appeal against 40 Starlink satellite antennae planned in Swiss village
Swissinfo — 5:41 am ET (0941 GMT) Can Starlink stay ahead in satellite internet?
NPR — 5:41 am ET (0941 GMT) Blue Origin successfully launches latest human flight from West Texas
KTSM-TV El Paso — 5:39 am ET (0939 GMT) Blue Origin N-S 33 lifts off
KVIA-TV El Paso, TX — 5:39 am ET (0939 GMT) |
