RRSat Acquires U.S.-Based Teleport
[Satellite Today – 2-18-08] RRSat Global Communications Inc. entered into an agreement to acquire a teleport located in Pennsylvania, RRSat’s first U.S. acquisition, the company announced Feb. 14.
As part of the $4.3 million transaction, RRSat will acquire all the property, assets and licenses of the Hawley teleport, located in Pike County, from Skynet Satellite Corp. The teleport, formerly owned by Loral Skynet, includes a 40,000-square foot facility and about 200 acres of land. The acquisition is expected to close during the second quarter.
“The Hawley teleport, which was designed from inception to support the distribution of video and radio content, is uniquely suited to complement RRSat’s services and customer base,” David Rivel, founder and CEO of RRSat, said in a statement. “The teleport is also geographically well positioned for RRSat’s service requirements under the transatlantic coverage of RRSat Global Network with strong fiber connectivity to our major U.S. point of presence in New York as well as unobstructed views of our most heavily utilized satellites. This acquisition is the first step in our strategic plan to build a strong local presence in the North American region, and further expand the footprint of our proprietary RRSat Global Network.”