O3b Networks signs deal with Mavoni Technologies, South Africa to provide fast and reliable connectivity to municipalities and educational institutions.
St. John, Jersey, Channel Islands, 31st May 2011.
O3b Networks announced today that the company has signed a multi-year, multi-million dollar deal with Mavoni Technologies Africa, a leading provider of information technology in South Africa focused on enterprise IT solutions and outsourcing services to the corporate and public service sectors.
South Africa has the most developed telecommunications infrastructure in sub-Saharan Africa with multiple submarine cable networks and an extensive national fiber network. However, while users in cities like Johannesburg and Cape Town can enjoy high-speed broadband, users in the more remote areas are still largely disconnected from the global internet backbone.
"In choosing to work with O3b Networks, Mavoni Technologies is now better positioned to bring end to end, cost effective IP broadband connectivity services to government municipalities and schools located in poorly served areas of South Africa. Mavoni Technologies intends to cooperate with various government agencies to help them achieve universal service objectives and have selected O3b Networks as their strategic connectivity partner. We are pleased to work with such an organization and look forward to supporting them to deliver a quality and sustainable product to their end customers." said John Finney, Chief Commercial Officer, O3b Networks.
"Our mission as an organization is to help our clients turn knowledge and innovation into real value. Through this partnership with O3b, we are going to deliver high-speed connectivity at fiber like speeds to places like Limpopo, Mpumalanga and the Northern Cape. These are traditionally areas that fiber networks are not able to reach. In partnership with the provincial government of Limpopo, we intend to connect more than 500 schools in rural areas. We are also working with the Department of Education in Northern Cape Province to provide connectivity to over 1,500 schools. This will impact the lives of more than 185,000 students." said Tinyiko Valoyi, CEO of Mavoni Technologies.
About O3b Networks Ltd.
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. The O3b Networks system will combine global reach and the speed of a fiber-optic network. With investments and operational support from SES, Google, Liberty Global, HSBC Principal Investments, Northbridge Venture Partners, Allen & Company, Development Bank of Southern Africa, Sofina and Satya Capital, the O3b 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.
About Mavoni Technologies
Mavoni Technologies is an empowered Information Technology service provider focusing on the provision of enterprise IT solutions and outsourcing services to the Corporate and Public Service sectors in South Africa. Mavoni's focus is in helping organizations to leverage technology to streamline their business processes, achieve productivity gains, lower their operational costs and ultimately win market share. For more information please visit www.mavoni.co.za.
For further information please contact:
This press release is for informational purposes only and is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and management, as well as financial statements. The company does not intend to register any part of the present offering in the United States.