Xantic and GMPCS Sign Agreement

Wednesday, November 26, 2003
In a mutually beneficial strategic alliance, satcom provider Xantic has announced the signing of an agreement with GMPCS Communications Inc. for the delivery of various enhanced services in the United States and beyond. Under the terms of the new agreement, GMPCS will play a leading role in hosting Xantic’s Regional BGAN service in North America. GMPCS will deliver this service to companies and organisations with an international network, especially those working in the Middle East and North Africa. This move also represents a strategic step towards the future, when the BGAN service will become available. In a further development, this month will see GMPCS start delivery of its own messaging service called GMPCS Speed Mail. The high-speed service will be powered by Xantic’s advanced AMOS software technology. It works with Globalstar, Iridium and Inmarsat services, and is targeted for use by the handheld and yachting segments.

Legal

Vallianz Rejects Payment Request from Swiber Managers

Vallianz Holdings, which provides support vessels for the oil industry, said on Wednesday it had refused a request from the judicial managers of shareholder Swiber Holdings to pay around $63.

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

Hanjin files for Receivership, Ports Turn Away Vessels

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court

 
 
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