Broadband startup O3b Networks has completed a second round of financing that will provide it with all the funds needed to bring its 20-unit, medium-Earth orbit, Ka-band satellite constellation into service. The Jersey Islands-based company says it has raised $1.2 billion from investors and banks to back the venture, which will provide a low-latency fiber-quality Internet backbone to operators and service providers in emerging markets. The funding includes $230 million in new equity ...

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