Apax Partners to Acquire FTMSC

Tuesday, July 25, 2006
France Telecom has signed an agreement with Apax Partners to sell 100 percent of the shares of France Telecom Mobile Satellite Communications SA (FTMSC). The completion of the transaction is expected in the near future. FTMSC is one of the world’s largest mobile satellite communications providers, marketing and distributing communications solutions for customers based in areas with limited access to terrestrial telecoms infrastructure. Apax Partners is one of the world’s leading private equity investment groups. Its funds invest in specific industries including telecoms, and provide long-term equity financing to build and strengthen world-class companies. This deal will enable FTMSC to consolidate its position on the international mobile satellite communications market. FTMSC’s service operator strategy is based on long-term partnerships with all leading mobile satellite communications operators (Inmarsat, Thuraya, Iridium etc.). FTMSC combines their maritime and land mobile services with airtime, hardware, in-house developed applications and customised solutions, offering one of the most complete portfolios on the market. In 2005, FTMSC posted revenues of $201m.
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Shipowner Creates Fund for Families of Missing El Faro Crew

The owners of the cargo ship El Faro that sank after it was trapped in the path of Hurricane Joaquin off the Bahamas last week announced the creation of a family

Coast Guard Foundation Raises $250,000 for Scholarships

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1506 sec (7 req/sec)