On October 25, 2006, Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for $400 million. Since 2002, Telenor has defined Telenor Satellite Services as non-core business. Apax Partners intends to pursue the development of the company in Norway and abroad. Telenor Satellite Services offers communication solutions via satellite to land, air and sea. The transaction will not impact the services provided by TSS and business relations with customers will remain unchanged. "Apax Partners is a very capable owner, and the sale of Telenor Satellite Services is made in accordance with Telenor's strategy to divest business operations that fall outside the scope of our core activities. We are pleased that Telenor Satellite Services will now have an owner that is well-positioned to continue the development of the company," said Bjarne Aamodt, Chairman of Telenor Satellite Services and Senior Vice President in Telenor. "We are delighted to make a further investment in satellite communication services by acquiring TSS. TSS is not only a major provider of mobile satellite services, but also a leading competitor in the high growth VSAT business segment, providing mission critical satellite communication services to demanding clients worldwide
Telenor Satellite Services was chosen as a premier service provider of the next generation of mobile satellite communications, Inmarsat's Broadband Global Area Network (BGAN). BGAN, currently planned for commercial launch in 2005, will offer high-speed circuit-switched and packet data services, plus voice telephony, via a portfolio of small, lightweight user terminals. The enhanced capabilities of the BGAN system are made possible through a new generation of satellites, known as Inmarsat 4
Telenor Satellite Services, a subsidiary of Telenor of Norway, has purchased the satellite communications activities of Norse Technology AS and additionally has acquired the majority of stock in Norwegian-based Norse Electronics AS. With this purchase, Telenor Satellite Services intends to re-establish Norse Electronics AS as the leading integrator of communications services for the Oil & Offshore industry. The acquisition of Norse Electronics also serves to enhance Telenor Satellite
Geolink Satellite Services has signed a contract to implement and manage global VSAT maritime solutions on an offshore plateform. The company will provide VSAT equipment and services on an oil rig in the Gulf of Guinea. Geolink Satellite Service has deployed stabilized maritime antennas, Internet access and VOIP solutions to support the complete business chain of communication while keeping the crew connected to the outside world (more than 200 users)
Intelsat S.A., & MTN Satellite Communications (MTN) agree to provide satellite services to Caribbean cruise & yacht customers Under a long-term agreement, MTN will leverage the first Intelsat EpicNG satellite, Intelsat 29e, to provide more than 2 gigabits of capacity for MTN's cruise and yacht customers in the Caribbean. The Intelsat EpicNG platform is a complementary overlay to Intelsat's leading global satellite network
Telenor Satellite Services, a subsidiary of Telenor of Norway, announced that its Broadband Global Area Network Service (BGAN) is commercially available to customers in Europe, the Middle East, Asia and Africa. BGAN is a global, mobile service designed to provide voice and broadband data simultaneously and is the latest addition to the Telenor Portfolio of Broadband, On Demand and Value Added Services. Telenor Satellite Services also offers Terralink
SatCom Group Holdings PLC, a reseller of mobile satellite communications, said its subsidiary O'Gara Satellite Systems Inc has won a 5-year contract, worth 10m in the first year, from the US government to supply satellite airtime to the US Navy. O'Gara, which is one of the five companies in the world certified as a Defense Information Technology Contracting Organization (DITCO) awardee, won the contract following a tender
VT iDirect announce that OmniAccess S.L., communications provider to superyacht & megayacht owners, has successfully launched a live satellite communications network built on iDirect's latest iDX 3.2 software and incorporating the high-performance X7 remote. The network, which was tested at Intelsat's Fuchstadt teleport over the IS-902 satellite, reached a data throughput rate of 50 Mbps. OmniAccess now plans a critical upgrade to its BroadBEAM ULTRA satellite service that will deliver
Iridium Satellite announces that it has 175,000 subscribers worldwide as of December 31, 2006. The new figure represents a 23.2 percent increase over last yearâ€™s subscriber total of 142,000. Revenue for the full year 2006 was $212.4 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was $53.9m. Fourth quarter 2006 revenue was $53.2m and EBITDA was $14m. The company will announce plans for its new satellite constellation initiative, called Iridium NEXT
Telenor Satellite Services today announced the signing of a business agreement with Anders Utkilens Rederi (AUR) of Norway, one of northern Europe's largest maritime chemical transportation companies. The contract calls for Telenor to provide its Sealink maritime high-speed data communications solution aboard AUR's fleet of 16 chemical tanker vessels. Under the terms of this multi-year agreement, Telenor will provide Ku-Band service for AUR's entire fleet that operates primarily
SpeedCast International Limited, a global satellite communications and network service provider, and KTsat, the satellite service provider in Korea, have announced the two companies have been awarded a new contract to provide global Ku-band maritime communications services to up to 150 vessels
Marlink has united its global VSAT offering under its Sealink brand, meaning Sealink will be the single brand name for Marlink’s entire multi-band maritime communication VSAT services portfolio going forward. The Sealink brand strengthens and simplifies Marlink’s
Newly available version of RedPort XGate satellite email and data services suite now includes PredictWind weather forecasting service, letting users select, download and view marine weather forecasts over satellite and cellular networks.
Globecomm sees strong uptake of new VSAT service from maritime customers; investment in new platform recognized by shipowners for putting next generation, high-throughput connectivity services in the hands of users Maritime connectivity provider Globecomm has reported rapid adoption of
Intelsat S.A., a provider of satellite services, has announced preliminary financial results for the three months and full year ended December 31, 2015. Intelsat reported preliminary total revenue of $571.3 million for the three months ended December 31, 2015.
Inmarsat together with Global Marine Networks and Network Innovations, today announced the successful trial and subsequent commercial order for Fleet Xpress in Antarctic waters. Fleet Xpress, installed on board the adventure cruise ship Ocean Nova
The launch yesterday of the Intelsat 29e, the first of the Intelsat EpicNG high throughput satellites, promises to usher in a new era of "Big Data" in the maritime sector, among others. The satellite was launched from French Guiana aboard an Ariane 5 vehicle
Satellite services provider Intelsat S. A. announced a quarterly cash dividend of $0.71875 per share, to be paid to holders of its 5.75 percent Series A Mandatory Convertible Junior Non-voting Preferred shares, in accordance with the terms of the preferred shares.
Global satellite communications service provider SpeedCast International Limited announced it has signed a definitive agreement for the acquisition of NewCom International, a satellite communications service provider specializing in the South and Central American regions
EMC earned recognition from the U.S. Patent and Trademark Office (U.S. PTO) with its latest patent - US 9,130,644 B2 - for a power booster that improves efficiency and performance of connectivity links with Medium Earth Orbit (MEO) satellite networks operating in the Ka- and Ku-band frequency
Iridium Communications Inc. (IRDM) and maritime navigation and communications equipment leader FURUNO ELECTRIC CO., LTD. announced a strategic partnership in which Furuno will be marketing Iridium satellite services and products initially in Japan.
SpeedCast International Limited (SpeedCast), a global satellite telecommunications service provider, announced that it has been awarded a multi-year communications contract from Gulf Marine Services (GMS). The new dual-beam Ku-band satellite service will provide high-performance broadband
SpeedCast International Limited (SpeedCast), a global satellite telecommunications service provider, announced that it has been awarded a multi-year communications contract by international shipping company, Vroon. The new Ku-band satellite service will facilitate high-performance broadband
Satellite services provider Intelsat S.A. has reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis, for the three months ended June 30, 2015. The company reported adjusted net income per diluted common
Broadband Satellite Services Ltd (BSS), parent company of satellite communications provider Satcom Global and marine engineering firm AND Group, has received a $10m investment from UK based organisation, Business Growth Fund (BGF).