Home › SES to buy rest of O3b Networks for USD 710 million
 

Keywords :   


SES to buy rest of O3b Networks for USD 710 million

2016-05-27 09:41:00| Telecompaper Headlines

(Telecompaper) SES announced it will exercise its option to buy the rest of O3b Networks. Earlier this month it agreed to take a controlling stake in O3b of just over 50 percent and took an option to buy the rest of the company. SES said it will now use the call option to buy the 49.5 percent of O3b shares for USD 710 million. As a result, O3b will no longer consider an IPO. The deal remains subject to regulatory approval, expected in the second half of this year. 

Tags: buy million rest ses

Category:Telecommunications

Latest from this category

All news
»
01.11How Japan's youngest CEO transformed Hello Kitty
31.10Unicharm to Expand in Africa
31.10Essity Named Diversity Leader by Financial Times
31.10Maxcess to Make FIFE Guiding Products in Mumbai
31.10Renee Starr Joins Hospeco
31.10RRD expands emissions reduction efforts
31.10Label King wins Best-In-Class for sustainability with Mark Andy
31.10Liberty Global video subscribers down 31,100 in 3Q 2024
More »