Finance Monthly CFO Awards 2017 Winners Edition
About Andrew Browne In early 2013, made the decision to move from the position of CFO of SES and board member of O3b, to joining O3b as CFO. The main reason to do so was the desire to assist with the ongoing development of the company and the opportunity to be part of a real endeavour to make the world a better place, in which to live, for billions of people. It was my desire to contribute to making this happen, and joining with the management team at O3b. There is much written and several plans under development to bring internet to those in need but the difference is that O3b is now actually doing it, today, and doing it very well. In terms of my own career experience, I worked initially for The Development Bank of Ireland. Having completed an MBA at Trinity College, I joined Advanced Micro Devices the semiconductor technology company in Silicon Valley for ten years and ran the worldwide financial sales and marketing operations. I then assumed the CFO position of Intelsat in Washington DC as the 170 country organisation prepared for privatisation, subsequently moving to assume the position of CFO of the newly privatised entity Newskies Satellites. We took the company public on the NYSE and on Euronext. I have also been on the board of OSN, the TV and media operator in the Middle East, and chairman of TomTom, the navigation technology company. I am a member of the board of the international space university (ISU) in Strasbourg. What do you anticipate for the future of O3b Networks? Today O3b is the fastest growing satellite operator in history, and has experienced significant growth across many customer and product verticals on a fully dispersed global footprint. The satellite based technology combined with ground capabilities allows for a fully managed solution in addition to the provision of pure satellite capacity. When combined with the very attractive MEO based economics O3b’s system allows extremely competitive price levels and capacity that are unprecedented in the traditional satellite based operations. O3b has deployed a truly disruptive technology with the concept to connect the Other Three Billion while also developing multifaceted customer and product capabilities. O3b is the only company that can deliver data with the speed and performance of fiber; and the immediacy and reach of satellite. Because there is a highly scalable in-orbit constellation, O3b services can be delivered quickly and rapidly expanded without the need for significant customer investment to build in- ground or undersea cable. With the consolidation into SES in August 2016, the company now has expanded resources available in terms of access to space and financial capabilities. Overall, now creating a new global market facing entity called SES Networks. Firm Profile O3b is a unique company with a unique history. The name stands for the ‘Other Three Billion’ people who don’t have high speed connectivity to the Internet today. O3b is a global satellite and ground based service provider offering a next-generation satellite network for telecommunications operators, Internet service providers, enterprise and government customers in emerging markets and beyond. The O3b system combines the global reach of a current 12 satellite MEO (Medium Earth Orbit) constellation, launched in 2013 and 2014, with further 8 satellites under construction with the speed of a terrestrial fiber-optic network. O3b’s services provide the capability for billions of consumers and businesses in nearly 180 countries to connect to low-cost, high-speed, low latency Internet and mobile data. O3b is bringing high performance broadband to the hardest places in the world to reach and positively impacting the lives of many. It was also the Fastest Growing Satellite Operator in History. O3b’s unique and scalable architecture can grow to more than 100 satellites without the need for more spectrum in space. O3b has built a global infrastructure with gateways, offices and facilities in the Netherlands, US, Brazil, Pakistan, Singapore, Australia, Peru and Greece. Product verticals have been developed to serve customers with IP Trunking, Mobile Backhaul, Maritime, Energy and Government. The company originally attracted world-class investors and lenders including SES, Google, Liberty Global, HSBC, Satya, Northbridge, IFC in Washington, DBSA (Dev. Bank Southern Africa) and AFDB (African Development Bank), FMO, EAIF, Proparco, DEG, BIl, Natixis and ING. As of 1st August 2016, we consolidated O3b with SES in a transaction with an enterprise value of approximately US$2.5 Billion. Contact Details Andrew Browne Email: andrew.browne@haguefnd.com | Mob: +31 6295 35662 CFO at O3b Networks Andrew Browne NETHERLANDS Finance Monthly CFO Awards 2017 20 www.finance-monthly.com
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