CETel Completes SeaMobile Europe Acquisition
[Satellite TODAY 04-21-11] German teleport and satellite service provider Central European Telecom Services (CETel) has completed its acquisition of MTN’s Paris-based subsidiary SeaMobile Europe, CETel announced April 20.
The deal, announced in early April, will re-brand SeaMobile back to its previous company name, Geolink Satellite Services. The company will operate as an independent entity from CETel Germany.
Geolink Satellite Services’ product portfolio comprised fix and mobile satellite services based on Iridium, Inmarsat and iDirect technology for governmental, corporate and maritime customers. CETel said it acquired the company due to its reputation in the African region’s French speaking markets, where Geolink has enjoyed growth as a supplier of satellite-based communications services for NGOs, government institutions, oil and gas, mining companies, media, fishing and offshore racing.
“With this acquisition, CETel will expand its service portfolio and customer base to consolidate its market position in Europe, Africa and the Middle East as well as in the mobile and maritime business. The acquisition also will allow CETel to combine the expertise of both companies and to provide customers with strong system integration capabilities and best-in-class end-to-end solutions. The migration of all involved services and personnel is expected to be finished by the end of the second quarter this year,” CETel said in a company statement.
Financial details of the acquisition were not disclosed.