O3b Networks, the developer of a new fiber-quality, satellite-based, global Internet backbone for telecommunications operators and Internet Service Providers, announced the Company will be closing out Q3 of 2009 with approximately US$600 million in contracts for services and a customer base for each product in its portfolio. O3b Networks, funded by Google Inc., Liberty Global, Inc. and HSBC Principal Investments, is making rapid strides in its deployment of 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 early 2011.