PARIS — Mobile satellite broadband hardwire and service provide Ovzon AB completed a $27.4-million share offering to Swedish and other institutional investors, shoring up its liquidity to offset the cost of a six-month delay in the launch of its Ovzon 3 satellite.
Ovzon said it will also use the proceeds from the Sept. 21 issue to boost its marketing effort and to initiate pilot projects with prospective Ozon 3 customers.
These efforts will be facilitated by Ovzon’s lease of steerable-beam capacity on fleet . . .
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