New communications system to enable low-latency trunking for emerging markets
September 11th, 2008

O3b Networks, with support from Google, Liberty Global and HSBC, to deploy world’s first high-speed, low-cost satellite system to transform communications access for billions worldwide.

Original Press Release O3b Networks September 9

O3b Networks Ltd. announced it will begin deployment of a new global communications infrastructure to provide high-speed, low-cost Internet connectivity to emerging markets in Asia, Africa, Latin America and the Middle East.

Backed with financial and operational support from Google Inc., Liberty Global, Inc. and HSBC Principal Investments, the new system will reduce bandwidth costs for telecommunications operators (telcos) and Internet service providers (ISPs), enabling cost-effective voice and broadband services at speeds equivalent to those enjoyed in the developed world.

Developed nations, particularly in the northern hemisphere, are well served by an extensive submarine fiber network. The deployment of a fiber network in many developing markets is not commercially viable, let alone practical.

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