$ 10 mi Infusion to Fuel Growth of Satcom Global, AND Group
Broadband Satellite Services Ltd (BSS), parent company of satellite communications provider Satcom Global and marine engineering firm AND Group, has received a $10m investment from UK based organisation, Business Growth Fund (BGF). This significant investment will allow BSS to accelerate its long-term growth strategy, enabling expansion and development within the Mobile Satellite Services market, further strengthening Satcom Global’s position as a top tier distributor of services to maritime, offshore, aeronautical, media and aid customers across the globe. Ian Robinson, CEO of BSS said: “At Satcom Global and AND Group we take pride in being one of the most innovative and customer oriented players in the Mobile Satellite Services sector.
Apax Partners to Acquire FTMSC
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.
