Stratos Announces Expansion

Friday, January 14, 2000
Stratos Global Corporation has entered into a definitive agreement to acquire Shell Offshore Inc.'s telecommunications subsidiary, Shell Offshore Services Company (SOSCo). The transaction is subject to regulatory approvals and customary closing conditions. "The acquisition of SOSCo is consistent with Stratos' long-term strategy of providing communications solutions to high volume industrial customers operating in remote locations," explains Derek Woods, president and CEO of Stratos. "This acquisition gives us a significant presence in lucrative offshore markets and provides Stratos with closer links to Shell and other major oil and gas companies who are potential users of other Stratos products and services." Based in New Orleans, SOSCo uses a state-of-the-art digital microwave system to provide voice, data and video services, Internet access and network connectivity to more than 250 remote drilling rigs and production platforms located offshore in the Gulf of Mexico. Additionally, the company is a licensed competitive local exchange carrier (CLEC) with central switches in New Orleans, Houston and Lafayette providing local and long distance telephone services to its offshore and traditional telecom customers. Once the acquisition has been consummated, SOSCo will offer its services under the Stratos name.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hapag-Lloyd, CSAV Merger Finalized

Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd

MAS Debuts Exclusive Armor Systems

Following on from the continued success of the product, Marine Armor System (MAS) announced its global launch and updated website. MAS is a nonlethal vessel

All Items Approved at Stolt-Nielsen Meeting

Stolt-Nielsen Limited announced that all agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held yesterday in Bermuda.

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.1299 sec (8 req/sec)