CETel to Expand Satcom Services in Africa with Onlime Acquisition
CETel announced the acquisition of Onlime’s managed satellite services for an undisclosed amount. According to CETel, this acquisition is a further milestone in its growth and diversification strategy alongside its continuing customer base expansion. The transaction allows Onlime to concentrate on further development of its core business of community software applications and its fiber and wireless based communications solutions in Africa. After the technical migration, CETel will continue operating the existing managed Very Small Aperture Terminal (VSAT) services, which include oil and gas, corporate, Non-Governmental Organization (NGO), government and mining customers, as well as international service providers.
Furthermore, both companies have entered into a strategic partnership complementing each other’s services for upcoming business opportunities. Together, CETel and Onlime will focus on their individual strengths in the VSAT and terrestrial environment in order to deliver the full requirement chain of communications needs in various vertical markets.
“I’m excited about how the combination of CETel and Onlime will accelerate our position to provide hybrid communications solutions, which will become more and more significant in our customer’s needs,” said CETel Managing Director Guido Neumann.