O3b Networks, Ltd. completes first quarter of 2009 reaching over $400 million in backlog

O3b doubles its customer base and increases Asian sales team

O3b Networks the developer of a new fiber-quality, satellite-based, global Internet backbone for telecommunications operators and Internet Service Providers announced today US$400 million in contracts for services.

O3b Networks, funded by Google Inc., Liberty Global, Inc. and HSBC Principal Investments, recently announced it will deploy the world’s first ultra-low-latency, Medium Earth Orbit (MEO), Ka-band, fiber-speed satellite network. The network is designed to improve Internet access for millions of consumers and businesses in emerging and developed markets, as well as selected vertical markets. Satellite delivery is scheduled for late 2010.

“Customer demand for international trunking and cellular backhaul remains strong, allowing us to beat our internal forecasts again last quarter,” said Greg Wyler, CEO of O3b Networks, Ltd. “Our low latency, high bandwidth, affordable solution allows us to tap into the global pent up demand of emerging markets. Customers appreciate the low latency and low costs we can achieve while maintaining a strong business model which works for our investors. To meet this growing demand we have now opened a regional office in the UAE and increased our sales team in the Asian region.”

About O3b Networks

O3b Networks is building a new fiber-quality, satellite-based, global Internet backbone for telecommunications operators (telcos) and Internet service providers (ISPs) in emerging markets. With deployment scheduled for late 2010, the O3b Networks system will combine global reach and the speed of a fiber-optic network. With investment and operational support from Google Inc., Liberty Global, Inc. and HSBC Principal Investments, the O3b Networks system will provide telcos and ISPs with a low-cost, high-speed alternative to connect its 3G, WiMAX and fixed-line networks to the rest of the world. This will allow billions of consumers and businesses in more than 150 countries to benefit from high-speed Internet connectivity for educational, medical and commercial applications. O3b Networks’ headquarters is in St. John, Jersey, Channel Islands. Ground systems and technical development are managed through its wholly owned subsidiary in Englewood, Colorado. For more information visit www.o3bnetworks.com.

Contacts

O3b Networks
Mike Serrano, 925-915-4835
mike.serrano {at} o3bnetworks(.)com