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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. 

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Category:Telecommunications

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