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O3b – ECA-backed financing
02 March 2011
Launching into global telecoms
In many deals where a large number of parties are involved, projects can often struggle to get off the ground. But when Crédit Agricole CIB, HSBC, Dexia and ING teamed up to arrange the financing for O3b’s Ka-band satellite project, the telecoms company’s ambitions were sent sky-high.
The overall $1.2 billion project was finalised in November last year for O3b to construct a network of eight satellites which will provide low-latency, fibre-quality internet connectivity between developing markets and the global internet infrastructure. They will be constructed by Thales Alenia Space at its manufacturing facility in Cannes, France, with the first...
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