From: "O3b Networks Ltd" <O3b_Networks_Ltd@mail.vresp.com>Date: 30 October 2009 02:01:28 EDTSubject: O3b Networks appoints a new CEOReply-To: "O3b Networks Ltd" <reply-d61de6b0b8-494b48f466-2f86@u.cts.vresp.com>
O3b Networks Limited appoints a new CEO to manage accelerating growth
Fast growing satellite service provider appoints a Greg Clarke as CEO to manage the company’s strong growth.
Jersey, Channel Islands - October 28thz, 2009 – O3b Networks Limited (O3b) the developer of a new fiber quality, satellite-based, global Internet backbone and next generation backhaul infrastructure announced the appointment of Greg Clarke as CEO. Mr. Clarke brings to O3b a strong history of success and experience in the development and operations of large service organizations and has held the top position in global blue chip companies ranging from the technology sector to real estate. As the former CEO of Cable & Wireless Communications he built and managed the mobile networks in 54 countries and most recently was the CEO of Lend Lease in Australia, a multi-million dollar real estate management company. Prior to Lend Lease, Mr. Clarke was the CEO of ICO a Medium Earth Orbit (MEO) satellite based mobile phone provider.
"Data backhaul and IP Backbone connectivity remain the most expensive capital and operational expenditure costs for cellular providers and ISPs in emerging markets” said Greg Clarke. “This trend is expected to continue into the near future, as these service providers continue to focus on data services in an attempt to maintain profitability, due to the commoditization of voice services. O3B has developed the technology to change this cost structure for service providers while enabling internet penetration in emerging markets."
Reaching over 100 emerging market countries, O3b’s Next Generation Satellites will provide fiber quality low latency connectivity for cellular operators and Internet Service Providers. The company intends to help emerging market service providers dramatically reduce backhaul costs and improve service availability by delivering high data rates directly to cellular towers so operators can profitably offer 3G services even in the most remote locations. In the past year O3b Networks Ltd. has accrued a backlog of just under $600,000,000 USD in service contracts from Cellular Operators and Internet Service Providers allowing for profitability at service commencement.
“Our vision remains to connect the unconnected and as we move closer to actualizing this vision it was important for us to bring in a candidate that has the right background for the next phase of O3b’s growth”, said Greg Wyler, Director and founder of O3b. “We have been looking for a CEO with Greg Clarke’s experience and are excited that he is opted to join O3b”. Mr. Wyler will continue his technology leadership role as O3b continues to design new ground equipment for cellular backhaul and mobile communications and applications.
About O3b Ltd.
O3b is building a new fiber-quality, satellite-based, global Internet Backbone for telecommunications operators (telcos) and Internet Service Providers (ISPs) in emerging markets. With deployment scheduled for late 2010, the O3b Networks system will combine global reach and the speed of a fiber-optic network. With investment and operational support from Google Inc., Liberty Global, Inc. and HSBC Principal Investments, and NorthBridge Venture Partners, the O3b Networks system will provide telcos and ISPs with a low-cost, high-speed alternative to connect their 3G, WiMAX and fixed-line networks to the rest of the world. This will allow billions of consumers and businesses in more than 150 countries to benefit from high-speed Internet connectivity for educational, medical and commercial applications. O3b Networks’ headquarters is in St. John, Jersey, Channel Islands. Ground systems and technical development are managed through its wholly owned subsidiary in Englewood, Colorado.
For more information please visit www.o3bnetworks.com
O3b Networks Media Contact
Ladi OkuneyeMarketing Director
Email: ladi.okuneye@o3bnetworks.com
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O3b Networks Limited
St John's Manor Offices
Le Neuf Chemin
St John, Jersey
Channel Islands
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