Telenor Maritime Acquires Satpoint AB
Telenor Maritime has acquired SatPoint AB, a firm with a strong position in the Baltic Sea with more than 125 maritime broadband installations on ferries, merchant vessels, and floating accommodation units. The merger is dependent on approval from competition laws. SatPoint AB is a provider of broadband satellite communication and IT services for maritime customers in Europe and across the globe, delivering VSAT equipment and capacity, teleport, and operations, enabling services such as VoIP, GSM, VoD, and TV. SatPoint AB was founded in 2002 in Stockholm, Sweden. “It is important to note that the maritime sector has been undergoing a period of consolidation,” said Frode Støldal, CEO of Telenor Maritime.
SatPoint Expands Marine Offering
The Swedish based company SatPoint AB recently acquired NSABs (Nordic Satellite AB) multi service platform for data and telecommunications in the maritime business sector. SatPoint develops stabilized VSAT terminals and supplies associated services as well as offers the multi service platform DaMax (Demand Assigned Multiple Access) from the Swedish Space Corporations teleport in Stockholm. NSABs President & CEO comments: - In our recent agreement, SatPoint acquired our marine platform and has become service provider for NSABs customers in the shipping industry. SatPoint has proven to supply a competitive service package by their integration of advantageous financing solutions and technically advanced satellite transmission services for the shipping sector.
