MCP Hires Two Senior Executives
Maritime Communication Partner (MCP), a global provider of onboard communications solutions, has announced the recruitment of two highly experienced senior executives to lead its dedicated Offshore and Cruise and Ferry Business Units. Tom Lowehr, until recently the Head of Program Management at Astrium Business Communication, has joined as Senior Vice President (SVP) of the newly launched Offshore business unit, while Lars Munkso, formerly of US stock-listed energy services group Cameron, becomes SVP of the Cruise and Ferry business unit.
Telenor to Acquire COMSAT
Telenor of Norway and Lockheed Martin Global Telecommunications (LMGT) announced that Telenor will acquire LMGT's COMSAT Mobile Communications operations for $116.5 million in cash. The acquisition, which positions Telenor as a major global satellite mobile operator, is subject to regulatory approvals. COMSAT Mobile, with annual revenues in excess of $100 million, provides global mobile communications solutions to the maritime, land mobile and aeronautical communities, and offers data, voice, fax, telex and video capabilities via the Inmarsat satellite constellation. Telenor's purchase of COMSAT Mobile operations also includes two earth station facilities in Southbury, Connecticut, and Santa Paula, California. Linking the two U.S.