SeaMobile Buys MTN for $168m

Thursday, May 11, 2006
According to reports, SeaMobile, a Seattle company that provides cellular and wireless service on cruise and cargo ships, acquired a Florida-based competitor, Maritime Telecommunications Network. The $168m all-cash deal, announced, will boost SeaMobile's position in the growing market to keep travelers and industry connected using the same devices they carry on shore. Maritime Telecommunications Network has satellite-based broadband networks deployed on cruise ships that provide several types of media in addition to wireless communications. source: Seattle Times

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