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Tag Archives: Karim Michel Sabbagh

SES to Buy Remaining O3b Networks Stake for $730M

Luxembourg-based communications satellite operator SES has exercised a call option to acquire the remaining 50.9 percent stake in Channel Islands-based satellite broadband services provider O3b Networks through an estimated $730 million deal with other O3b shareholders. SES said Monday it will use money the company raised during a recent equity financing event to fund the transaction and …

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