SearchEngineUpdate with Vanessa Zamora - 09-09-2008 Part II
Abstract: Google, HSBC & Liberty Global Back Global Internet Project
Vanessa Zamora
Video Content Producer, SearchEngineWorld
10:29 pm on Sep. 9, 2008 (utc 0)
Transcript
Tuesday September 9, 2008
Google, HSBC & Liberty Global Back Global Internet Project
Google, along with Europe’s largest bank, HSBC and cable television and bank operator Liberty Global will support a plan to provide inexpensive, high speed Internet access via 16 satellites to 3 billion people in Africa and other emerging markets. The O3b Networks venture, which got its name from the 3 billion people on the unconnected half of the globe, is projected to cost at least $750 million, but is expected to bring down the cost of bandwidth in the said markets by 95 percent. The system aims to become operational in late in 2010, according to O3b Networks, and when finished will provide a high-capacity satellite connection to the Internet on which telephone companies and Internet service providers in emerging markets will be able to build cost-effective high-speed mobile and Web-access offers. The move is in effort to expand the reach of Internet access all over the world to reach new untapped masses.
