 In April 2016, SES announced that (subject to regulatory approvals which were expected to be completed by the end of 2016) it would pay $20 million to increase its fully diluted ownership of O3b from 49.1% to 50.5%, taking a controlling share in the company.In May 2016, SES said it would raise another $710 million to purchase all of O3b Networks, exercising a call option with O3b minority shareholders and eliminating the possibility of an O3b stock offering, and then subsequently announced the completion of the capital raising and completion of the acquisition.Operators in the Cook Islands, Pakistan and Nigeria were among the first to prebook capacity on the O3b constellation to serve their respective markets.