Deal will supply broadband solutions and connectivity to South East Asia
JERSEY, Channel Islands - Tuesday, June 21st 2011 [ME NewsWire]
(BUSINESS WIRE)-- O3b Networks Limited, the developer of a new global, high-speed, low-latency global satellite-based telecommunications network for mobile operators and ISPs, today announced that it has signed a multi-year, multi-million dollar reseller agreement with Sky Fiber, one of Asia’s few managed service providers delivering turn-key, satellite-based capacity and connectivity solutions. This agreement will enable Sky Fiber to supply fiber-like quality telecommunication connectivity to the underserved and developing markets of South East Asia.
This multi-year agreement will enable Sky Fiber to provide Mobile/Wireless Backhaul, IP Trunking and Oil & Gas solutions to its customers. This deal establishes a partnership with the ability to deliver capacity and connectivity, at guaranteed QoS service levels and with transmission latency four times lower than previously possible.
“We are thrilled to be part of the O3b revolution and to offer this unique and cost effective service solution to our market. The incredible growth in demand for mobile internet data in the region is creating a vacuum in mobile backhaul for which the O3b Networks satellite constellation offers the most elegant solution. In addition to the backhaul demand, off-shore oil and gas facilities remain underserved and at the same time their requirements for reliable communications continues to grow at a rapid rate. We combine Mobile/Wireless Backhaul and IP Trunking to offer South East Asia connectivity turn-key options - at a reduced price. The end result will be an enhanced internet user experience, extended education, and improved off-shore operational efficiencies - all contributing to the economic growth of the region,” said Tom van der Heyden, Chief Executive Officer, Sky Fiber Corporation.
“We are pleased to announce our first deal in South East Asia and to add Sky Fiber to the increasing list of resellers in our key markets. O3b now has contracts in Africa, Asia, Middle East and the Pacifics, demonstrating that we are a truly global company. We are excited to see the benefit our unique Medium Earth Orbit (MEO) satellite capacity will have on the economic growth in South East Asia and look forward to supporting Sky Fiber in expanding their regional service offering,” said John Finney, Chief Commercial Officer, O3b Networks Limited.
About O3b Networks Limited
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. The O3b Networks system will combine global reach and the speed of a fiber-optic network. With investments and operational support from SES, Google, Liberty Global, HSBC Principal Investments, Northbridge Venture Partners, Allen & Company, Development Bank of Southern Africa, Sofina and Satya Capital, the O3b system will provide telcos and ISPs with a low-cost, high-speed alternative to connect their 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.
About Sky Fiber Corporation
Sky Fiber offers end-to-end, single vendor, long term, Service Level Agreement-based Network Service Solutions across South East Asia. Sky Fiber’s use of satellite at the core of our network infrastructure allows us to offer national coverage, regardless of terrain, distance or number of locations from the first day of service, adjust Capacity and Connectivity without service interruption on a real time basis and adapt to future services and market requirements, planned or otherwise, without impact to the network’s operations. Sky Fiber's regional headquarters is located in Hong Kong, with offices in Bangkok, Thailand and Manila, Philippines.
This press release is for informational purposes only and is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and management, as well as financial statements. The company does not intend to register any part of the present offering in the United States.
Contacts
O3b Networks Limited
Luisa Sorrentino, VP, Marketing Communications,
Mobile: +31 62 950 8524
luisa.sorrentino@o3bnetworks.com
www.o3bnetworks.com
Khun Narinphat,
narinphat@skyfiberasia.com
www.skyfiberasia.com
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