Menu
Google sells stake in satellite Internet operator O3b Networks

Google sells stake in satellite Internet operator O3b Networks

SES, one of O3b's investors, is taking control of the company

Google has sold its stake in satellite Internet access provider O3b Networks to co-investor SES.

O3b's goal is to deliver Internet access to the "other 3 billion" who don't yet have it. The company started life in 2007, and soon found funding from Google, SES and cable operator Liberty Global, among others.

The company launched its first four satellites in June 2013, with eight more joining them in medium earth orbit in 2014.

O3b's customers now include island telecommunications operators and at least one cruise ship operator.

Satellite operator SES took a stake in O3b in 2009, negotiating the right to ultimately take control of the whole company. It exercised that right on Friday, agreeing to pay US$730 million to increase its stake from 49.1 percent to 100 percent.

Google's parent company Alphabet still has an interest in extending Internet access to more of the world's population through Project Loon. It plans to launch thousands of balloons, each remaining aloft for three months or more, to deliver Internet access from within, rather than above, the earth's atmosphere.

Facebook, meanwhile, is counting on solar-powered drones to bring Internet access to remote and underserved areas.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.‚Äč

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments