SES acquisition of the rest of O3b Networks
SES bought out the other O3b shareholders, taking full control of the MEO broadband constellation.
- Company
- O3b Networks
- Type
- Stake sale
- Status
- Completed
- Date
- 1 Aug 2016
- Value
- US$730m
- Value basis
- About US$730m to go from 49.1% to 100%; about US$1.2bn of O3b debt assumed
- Region
- Global
- Segment
- Satellite operators
Parties
- SES buyer
- O3b minority shareholders seller
Key terms
- Stake
- 49.1% to 100%
- Debt assumed
- about US$1.2bn
Sources
- SES: completes acquisition of 100% of O3b Networks ses.com · 1 Aug 2016
Record ORB-INV-2016-0001. Investments are kept apart from the financings register and never counted in debt totals.
