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
|
|
|
|
news links
|
|
Tuesday, February 17
ESA Boss Couches Lunar Plans In Security Terms
Aviation Week — 1:43 am ET (0643 GMT) U.S. Smuggled Thousands of Starlink Terminals Into Iran After Protest Crackdown
Wall Street Journal — 1:42 am ET (0642 GMT) 700-plus Space Command personnel in Alabama by end of 2028, Sen. Katie Britt says
Huntsville Times — 1:41 am ET (0641 GMT) Space Race 2.0: The Competition for the Future Operating System of Space
The Diplomat — 1:35 am ET (0635 GMT) Creating New Launchpads for Space Exploration
Dartmouth Univ. — 1:35 am ET (0635 GMT) |
