Private investment firm Falconhead Capital is paying $30 million to acquire Maritime Telecommunications Network, a provider of satellite-based communications and networking services to the cruise ship and offshore oil and gas industries.

Falconhead (New York City) plans to support MTN’s plans to introduce Wi-Fi capability on ships, and satellite and multicast newspaper distribution. Other markets MTN (Miramar, Fla.) has targeted for growth include the oil and gas industry, U.S. and foreign military vessels and facilities, and commercial projects.