SES said it will fully consolidate the broadband satellite company in its accounts from now on.
SES agreed in July to pay US$730 million to increase its stake in O3b Networks from 49.1% to 100%. The transaction sees SES consolidate US$1.2 billion of additional debt.
According to SES, O3b will expand its global reach and will build the foundations for sustainable growth. The company operates a fleet of medium Earth orbit satellites designed to deliver broadband connectivity via Ka-band capacity.
ICYMI: Telefónica launches standalone Brazilian fibre network FiBrasil digitaltveurope.com/2021/03/04/tel… https://t.co/9Jmy315VWN
04 March 2021 @ 21:05:00 UTC
DTVE's Industry Survey 2021 Report is now available! Read executives’ views on the key issues facing the digital vi… twitter.com/i/web/status/1…
04 March 2021 @ 16:59:30 UTC