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Thursday, March 28, 2024
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Knut Reed News

28 May 2002

Xantic, Iridium Become Partners

Xantic and Iridium Satellite LLC have announced the signing of a major agreement by which Xantic will offer Iridium's voice and data services through its worldwide network. The move complements Xantic's mobile satellite offering for customers requiring remote communications solutions. It will also strengthen Iridium's global distribution capabilities. "Iridium's mobile communications services and world-wide coverage complements our fixed satellite offerings," commented Xantic CEO Knut Reed. Xantic serves customers worldwide in multiple markets, including maritime, peacekeeping and aid organisations, oil & gas, government and transportation.

14 Jul 2000

Station 12 Strives To Corner Satcom Market

The competitive satellite communications market has taken an additional step toward consolidation, with Station 12 — an independent operating business owned 65 percent by KPN (Royal Dutch Telecom) and 35 percent by Telstra — leading the way having the intention of cornering the market. Station 12 recently outlined its strategy to double its size in the next three years, both through organic growth and acquisitions. Station 12 already claims to have 24 percent of the competitive Inmarsat maritime and mobile satellite communications sector, with current annual sales of $215 million. This is expected to rise to $500 million by 2003. The company is the largest customer and shareholder in Inmarsat, the leading provider of wholesale satellite airtime.

08 Nov 2000

The SatCom Shakeout

The satellite communications sector of the marine market has not been immune from the corporate consolidations that have swept all other corners of the industry, and while this particular niche has been widely regarded as fragmented, it is yet to be seen what the end effect will be for the communication users. However, it can be assumed that competition is still keen, and the name of the communication game continues to center on quality, reliability and capabilities. With an increasing emphasis on the transmission of data rather than traditional voice or fax, it can be assumed that continued efforts will center on widening the information "pipeline" between vessel and shore.

22 Nov 2000

Station 12 Closes Deal On SpecTec For $75.4M

Station 12, the Netherlands-based mobile satellite communications company, has signed an agreement with Visma ASA for the acquisition of its marine division, SpecTec. The price for SpecTec is $75.4 million in cash plus the assumption of net inter-company debt of $893,000. SpecTec is a leading supplier of Enterprise Resource Planning (ERP) software, which has been designed to improve efficiency on board vessels. The company has 230 employees and is represented in 30 countries through its own subsidiaries and agents. In 1999, SpecTec increased net sales by 19 percent to $19.8 million, while operating profits increased by 83 percent to $2.6 million. SpecTec is the market leader with a 40 percent share of the market with systems installed on some 6,000 vessels worldwide.

09 Jul 2002

Iridium Aggressively Pursues New Outlets

Iridium Satellite LLC, the company born from the ashes of what was one of the most spectacular and initial telecom failures, has fortified its market position in the past year, aggressively pursuing relationships with companies that will help expand use of its satellite network across all industires. The Alexandria, Va.-based Iridium — which bought the assets of Iridium LLC out of bankruptcy in December 2000, launched global voice services in March 2001 and added ubiquitous Internet connectivity in June — has announced a number of deals with leading satellite communication companies — Xantic, Telenor and France Telecom Mobile Satellite Communications — and has launched a new crew calling service for the marine business.