With its final round of funding, SES will become the largest minority shareholder of O3b Networks by adding 10 percentage points to its existing 34% stake through investing another $75m in the new round.
O3b Networks, a corporate and venture capital-backed satellite start-up, has raised $1.2bn in debt and equity in its final round of funding before launching its service in 2013.
A third of the money, $410m, is coming as equity, of which $230m is new commitments. The other $180m had previously been provided by search engine group Google, venture capital firm North Bridge Venture Partners, investment bank Allen & Company, satellite operator SES, cable company Liberty Global and UK-based bank HSBC’s…
