Google backs $750m African internet project - GoFuckYourself.com

PornNewz · 09-09-2008, 12:04 PM

Will this help Interracial Paysites?

Google has teamed up with John Malone, the media billionaire, and HSBC on a venture that will offer internet access to three billion people in Africa and other emerging markets as the US search engine continues to expand its presence across the Web.

The project, named O3b Networks, is targeting those people for whom broadband Internet access is not commercially viable. The consortium will today announce a deal to buy 16 low-earth orbit satellites from France?s Thales Alenia Space as it kicks off the $750 million project to link mobile phone masts to broadband networks in a series of countries close to the equator, the Financial Times reported.

Google, LibertyGlobal, Mr Malone?s cable company, and HSBC have initially invested $20 million each into the project, which is expected to be up and running by the end of 2010, with Allen & Company, a media advisory firm, thought to have put in about $5 million more. The three lead backers in O3b Networks reserve the right to contribute further to the estimated $150 to $180 million of financing in equity financing that will be needed for the project. The rest of the financing will be funded with debt.

Larry Alder, product manager in Google?s alternative access group, said the venture could offer bandwidth to customers for just 5 per cent of the present cost. ?This really fits into Google?s mission around the developing world,? he said. Google confirmed that it was working on the O3b Networks project.

The venture will be headquartered in Jersey and will work over the coming months to sign up telephone and internet companies in emerging markets in Africa, Asia, Latin America and the Middle East.

The project emerged the week after Google launched its own web browser called Google Crome, taking on the might of Microsoft?s Internet Explorer, which dominates the market with a 74 per cent share.

pr0 · 09-09-2008, 01:03 PM

why?

how is there any $ in this......ever?

or is this a 1 billion dollar charity project....making sure people in Africa have broadband video to see LIVE how good life is for every other continent

HomerSimpson · 09-09-2008, 01:20 PM

Quote:

Originally Posted by pr0

or is this a 1 billion dollar charity project....making sure people in Africa have broadband video to see LIVE how good life is for every other continent

sad but true...

JamesK · 09-09-2008, 01:24 PM

Quote:

Originally Posted by HomerSimpson

sad but true...

What he said.

kmanrox · 09-09-2008, 01:29 PM

hahaha hell of a market to want a share of, eh?

moeloubani · 09-09-2008, 01:51 PM

Quote:

Originally Posted by PornNewz

Will this help Interracial Paysites?

Google has teamed up with John Malone, the media billionaire, and HSBC on a venture that will offer internet access to three billion people in Africa and other emerging markets as the US search engine continues to expand its presence across the Web.

The project, named O3b Networks, is targeting those people for whom broadband Internet access is not commercially viable. The consortium will today announce a deal to buy 16 low-earth orbit satellites from France?s Thales Alenia Space as it kicks off the $750 million project to link mobile phone masts to broadband networks in a series of countries close to the equator, the Financial Times reported.

Google, LibertyGlobal, Mr Malone?s cable company, and HSBC have initially invested $20 million each into the project, which is expected to be up and running by the end of 2010, with Allen & Company, a media advisory firm, thought to have put in about $5 million more. The three lead backers in O3b Networks reserve the right to contribute further to the estimated $150 to $180 million of financing in equity financing that will be needed for the project. The rest of the financing will be funded with debt.

Larry Alder, product manager in Google?s alternative access group, said the venture could offer bandwidth to customers for just 5 per cent of the present cost. ?This really fits into Google?s mission around the developing world,? he said. Google confirmed that it was working on the O3b Networks project.

The venture will be headquartered in Jersey and will work over the coming months to sign up telephone and internet companies in emerging markets in Africa, Asia, Latin America and the Middle East.

The project emerged the week after Google launched its own web browser called Google Crome, taking on the might of Microsoft?s Internet Explorer, which dominates the market with a 74 per cent share.

Someone should go start a cam studio right in Africa! Wild girls straight from the savanna!

ISPrime_dimi · 09-09-2008, 01:56 PM

Quote:

Originally Posted by PornNewz

Will this help Interracial Paysites?

Quote:

Originally Posted by JamesK

What he said.

im with ^^

klaze · 09-09-2008, 02:02 PM

Anything to help out those nigerian scammers!

borked · 09-09-2008, 02:06 PM

Quote:

I suspect the majority of investors would find the words ?profitable? and ?African? oxymoronic. And who can blame them? The news media is saturated with images of famine, war, and disease on the continent.

But there is another side of Africa that gets a lot less press. It is a place full of hopeful and enterprising people who are confident of a better future. This is the Africa that I believe is home to some of the most attractive potential investments in the world today.

Quote:

If you give a man a fish, he will have a single meal. If you teach him how to fish, he will eat all his life.

Manowar · 09-09-2008, 02:06 PM

wow, scamming will be HUGE now

Paper_Amar · 09-09-2008, 02:26 PM

Super smart for google.

Africa will rebound and it will rebound because of the INTERNET. With google providing internet to the masses, they are also gaining tons and tons of view and clicks for adsense!

mikeyddddd · 09-09-2008, 02:36 PM

Quote:

Originally Posted by PornNewz

Will this help Interracial Paysites?

brassmonkey · 09-09-2008, 02:38 PM

good deal

fallenmuffin · 09-09-2008, 03:21 PM

When you're worth billions you gotta do some interesting things to get a tax break

09-09-2008, 12:04 PM	#1
PornNewz Confirmed User Join Date: Jul 2008 Posts: 851	Google backs $750m African internet project Will this help Interracial Paysites? Google has teamed up with John Malone, the media billionaire, and HSBC on a venture that will offer internet access to three billion people in Africa and other emerging markets as the US search engine continues to expand its presence across the Web. The project, named O3b Networks, is targeting those people for whom broadband Internet access is not commercially viable. The consortium will today announce a deal to buy 16 low-earth orbit satellites from France?s Thales Alenia Space as it kicks off the $750 million project to link mobile phone masts to broadband networks in a series of countries close to the equator, the Financial Times reported. Google, LibertyGlobal, Mr Malone?s cable company, and HSBC have initially invested $20 million each into the project, which is expected to be up and running by the end of 2010, with Allen & Company, a media advisory firm, thought to have put in about $5 million more. The three lead backers in O3b Networks reserve the right to contribute further to the estimated $150 to $180 million of financing in equity financing that will be needed for the project. The rest of the financing will be funded with debt. Larry Alder, product manager in Google?s alternative access group, said the venture could offer bandwidth to customers for just 5 per cent of the present cost. ?This really fits into Google?s mission around the developing world,? he said. Google confirmed that it was working on the O3b Networks project. The venture will be headquartered in Jersey and will work over the coming months to sign up telephone and internet companies in emerging markets in Africa, Asia, Latin America and the Middle East. The project emerged the week after Google launched its own web browser called Google Crome, taking on the might of Microsoft?s Internet Explorer, which dominates the market with a 74 per cent share. __________________ Pornnewz.com PR Round up, No one is safe!

09-09-2008, 01:03 PM	#2
pr0 rockin tha trailerpark Industry Role: Join Date: May 2001 Location: ~Coastal~ Posts: 23,088	why? how is there any $ in this......ever? or is this a 1 billion dollar charity project....making sure people in Africa have broadband video to see LIVE how good life is for every other continent __________________ __________ Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

09-09-2008, 01:29 PM	#5
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,295	hahaha hell of a market to want a share of, eh? __________________ Crypto HODLr Crypto mining Angel investor

09-09-2008, 02:26 PM	#11
Paper_Amar Confirmed User Join Date: Jun 2007 Location: North Miami Beach, Fl Posts: 2,607	Super smart for google. Africa will rebound and it will rebound because of the INTERNET. With google providing internet to the masses, they are also gaining tons and tons of view and clicks for adsense! __________________ My icq; 4 4 7 5 4 2 1 2 8 Amar @ paper street cash .com

09-09-2008, 02:38 PM	#13
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,348	good deal __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

09-09-2008, 02:02 PM	#8
klaze So Fucking Banned Join Date: May 2008 Location: Adult Marketing Mecca Posts: 2,167	Anything to help out those nigerian scammers!

09-09-2008, 02:06 PM	#10
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	wow, scamming will be HUGE now

09-09-2008, 03:21 PM	#14
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	When you're worth billions you gotta do some interesting things to get a tax break