Networks is a plan to provide cheap, high-speed
Web access to 3 billion people in Africa and other emerging markets. O3b stands for the "other 3
billion" people, to provide Internet access supported by satellites.
Bandwidth costs for telecommunications operators and Internet service providers should be reduced
once it’s operational, which would enable cost-effective voice and
broadband services at speeds equivalent to those enjoyed in the developed world.
Ob3 Networks said
that they intend to cover Africa, Asia, Latin America and the Middle East and
that it should be operational in 2010.
Google, Europe’s largest bank (HSBC Principal
Investments) and cable operator Liberty Global
has joined forces and has thrown all their weight behind this ambitious plan.