SES has announced it has agreed to increase its interest in O3b Networks (O3b) to 50.5% and, in doing so, will take a controlling share in the company. The transaction is subject to regulatory approvals which are expected to be completed during H2 16. SES will pay $20m to increase its fully diluted ownership of O3b from 49.1% to 50.5%, bringing its aggregate equity investment in O3b to date to $323m. On completion, SES will consolidate O3b’s net debt, which is currently $1.2bn. As a rem ....