O3b Networks, Ltd. completes first quarter of 2009 reaching over $400 million in backlog

* O3b doubles its customer base and increases Asian sales team

ST. JOHN, Jersey, Channel Islands--(Business Wire)--
O3b Networks the developer of a new fiber-quality, satellite-based, global
Internet backbone for telecommunications operators and Internet Service
Providers announced today US$400 million in contracts for services.

O3b Networks, funded by Google Inc., Liberty Global, Inc. and HSBC Principal
Investments, recently announced it will deploy the world`s first
ultra-low-latency, Medium Earth Orbit (MEO), Ka-band, fiber-speed satellite
network. The network is designed to improve Internet access for millions of
consumers and businesses in emerging and developed markets, as well as selected
vertical markets. Satellite delivery is scheduled for late 2010.

"Customer demand for international trunking and cellular backhaul remains
strong, allowing us to beat our internal forecasts again last quarter," said
Greg Wyler, CEO of O3b Networks, Ltd. "Our low latency, high bandwidth,
affordable solution allows us to tap into the global pent up demand of emerging
markets. Customers appreciate the low latency and low costs we can achieve while
maintaining a strong business model which works for our investors. To meet this
growing demand we have now opened a regional office in the UAE and increased our
sales team in the Asian region."

About O3b Networks

O3b Networks 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, the O3b Networks system will
provide telcos and ISPs with a low-cost, high-speed alternative to connect its
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 visit
www.o3bnetworks.com.

O3b Networks
Mike Serrano, 925-915-4835
mike.serrano@o3bnetworks.com

Copyright Business Wire 2009