ST. HELIER, JERSEY, CHANNEL ISLANDS -- Sept. 2, 2013 – Following the successful launch of O3b’s first four satellites, O3b Networks today announced a major long-term capacity deal to provide high-speed, low-latency capacity to the Palau National Communications Corporation (PNCC) and the Federated States of Micronesia Telecommunications Corporation (FSMTC). The deal adds to O3b’s growing presence in the Pacific region. By delivering highly affordable and ubiquitous bandwidth with the performance and speed of fiber, the region will enjoy much improved connectivity, benefiting both private and corporate customers in Palau and Yap.
Richard Misech, General Manager, PNCC said:
“We are very pleased that the O3b solution could be achieved for Palau through PNCC’s partnership with FSMTC, and look forward to offering more satisfying, higher quality services to our customers after it’s implemented in early 2014. The O3b solution is a good alternative solution for Palau. Since it has much lower up-front costs and a shorter start-up period than fiber cable, O3b will enable PNCC to improve the quality of service to its customers sooner than otherwise would have been the case.”
John D Sohl President and CEO, FSMTC said:
"Working closely with PNCC and O3b, we are looking forward to bringing an improved service to customers in Yap. O3B offers us the chance to deploy reliable and scalable technology as we look to improve our network. Providing these services in Micronesia provides its own set of challenges, but there is no reason why our
customers should not expect services similar to those enjoyed in developed countries like the US or Australia."
Steve Collar, CEO, O3b said:
“We are delighted to announce this deal, which follows on from our agreement with Telecom Cook Islands. Satellite technology offers a solution that tackles a number of the underlying issues for service providers such as PNCC and FSMTC. Compared to the conventional Geostationary Orbit (GSO) satellites currently available, the new O3b solution utilizes MEO (Medium Earth Orbit) satellites at much lower altitudes. This means that O3b can offer fiber-like speeds with lower latency at more affordable pricing.”
The announcement follows the launch of O3b’s first four satellites at the Guiana Space Center on June 25. The second group of four satellites are due to launch at the end of September, with the company’s commercial service starting later in the year.
The O3b network will deliver broadband connectivity everywhere on Earth within 45 degrees of latitude north and south of the equator. Our vast coverage area includes emerging and insufficiently connected markets in Latin America, Africa, the Middle East, Asia, Australia and the Pacific with a collective population of over 3 billion people.
About O3b Networks Limited
O3b Networks Limited (www.o3bnetworks.com) is a global satellite service provider building a next-generation satellite network for telecommunications operators, Internet service providers, enterprise and government customers in emerging
markets. The O3b system will combine the global reach of satellite with the speed of a fiber‐optic network providing billions of consumers and businesses in nearly 180 countries with low‐cost, high‐speed, low latency Internet and mobile connectivity. O3b Networks’ investors include SES, Google, Liberty Global, HSBC Principal Investments, Northbridge Venture Partners, Allen & Company, Development Bank of Southern Africa, Sofina, Satya Capital and Luxempart. O3b Networks is headquartered in St. Helier, Jersey, Channel Islands.
About Palau National Communications Corporation
The Palau National Communications Corporation (PNCC) is the Republic of Palau’s national carrier for local and international telecommunications services. PNCC offers a full range of telecommunication services nationwide, with over 31,000 subscriptions for Internet, telephone, PalauCel, and digital TV, and has one of the highest telephone penetration rates in the Pacific region. For more information, visit www.palaunet.com.
About FSM Telecommunications Corporation
FSM Telecommunications Corporation is a public corporation established under Title 21 of the Code of the Federated States of Micronesia, governed under the laws of the FSM. For more information, please go to: www.telecom.fm.