O3b Networks Limited raises total funding of US$1.2 billion, to finance fully the construction and launch of its next generation global satellite constellation

Thales  Alenia  Space  is  currently  constructing  O3b’s  first  eight  medium  earth  orbit  Ka–band  satellites.  The  design  of  the  system  means  that  it  will  be  possible  to  add  many  more  satellites  to  the  constellation,  increasing  capacity  and  transforming  satellite  communications  for  the  developing  world.

:: Read O3B's Press Release