ITC Global to deepen African presence

BUSINESS

|
Image: By BiztechAfrica
ITC Global to deepen African presence

ITC Global, a leading global provider of enterprise grade satellite communication services to mining, energy and maritime businesses, announced today that it has entered into a definitive agreement to acquire privately-held Spidersat Communications Limited, an integrator of global communications solutions focused on providing mission critical satellite-based communication services for mining, exploration, and mining services companies operating in Africa. 

The combined companies promise to provide the most seamless coverage, service, and local support available in Africa for mining and mining-related customers.  

The transaction is expected to close in the next 30 days.

"Spidersat is an outstanding addition to our business," said Joseph Spytek, co-founder and Chief Executive Officer of ITC Global.  "Spidersat will advance ITC Global's position in Africa, and offers us a highly complementary suite of services and resources for enterprise clients throughout Africa.  We are happy to have the Spidersat team join the ITC Global family, and together we will continue to provide premier, custom communications solutions to the mining and oil and gas industries across Africa.  

The acquisition of Spidersat comes just months after a significant investment in the Company by Riverside Partners, a Boston-based private equity firm, and is part of our global growth strategy.  Since the investment by Riverside Partners in January 2012, we have expanded our mining and energy businesses into Canada and the UK as well as entered into a long-term strategic partnership in the maritime business with Imtech Marine."

"We are proud to be aligned with ITC Global," said Mike Hennessey, Managing Director of Spidersat.  "Our key markets such as Burkina Faso, Liberia and the DRC will be highly additive to ITC Global's already strong Africa footprint, and our local approach to satellite communications will be strengthened under the ITC Global umbrella.  I have great respect for Joe and his worldwide team, and we are excited to be part of the next stage of growth."

Spidersat is a leading corporate communications provider in Africa, and provides custom networks and bandwidth access to enterprise customers throughout Africa.  Spidersat is headquartered in Tanzania and has additional offices, accredited engineering, and support personnel in Ghana and Western Australia.  Spidersat offers a broad range of services on the African continent, including fixed VSAT solutions and mobile satellite solutions, and has many years of experience of deploying reliable communication solutions within some of the most remote areas of Africa.

ITC Global's announcement of its intent to acquire Spidersat follows the recent completion of its acquisition of the remaining interest in ITC Guinee SARL, bringing ITC Global's ownership to 100% of ITC Guinee SARL.  ITC Global is highly committed to Africa, and continues to strengthen its position as the leading satellite communications provider with unparalleled local presence to serve the mining and broader resources industries throughout Africa.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

Africa’s youngest entrepreneurs stand to win $75,000

The Anzisha Prize is expanding, after initial success, to provide increased support to entrepreneurial youth and partner organisations to drive pan-African economic growth to 2020. Read More

New age e-commerce consumers challenge traditional business models

African consumers are increasingly searching online platforms with commercial intent, says DHL. Read More

VMware appoints Bask Iyer as chief information officer

VMware has announced the appointment of Bask Iyer to the role of senior vice president and chief information officer (CIO) of VMware. Read More

SpeedCast acquires Geolink

SpeedCast International Limited, a leading global satellite communications service provider, has announced the acquisition of Geolink Satellite Services, a leading provider of satellite communications solutions in the African region. Read More

Out of the Dark: Survival guide for businesses during load-shedding

As Africa’s premier integrator of business continuity services, ContinuitySA’s team spends a lot of time identifying risks and how to mitigate them. One risk that has become very real for South African businesses is load-shedding.  Read More

Insurance body: ICT essential

The newly established Insurance Institute of Botswana (IIB) says in this day and age it was virtually impossible for organisations, insurance companies included, to operate without incorporating ICT in every facet of their operations. Read More

VMware appoints Scott Dodds as new Vice President, Channel and Alliances in EMEA

VMware, the global leader in virtualisation and cloud infrastructure, has announced the appointment of Scott Dodds as Vice President of Channel and Alliances in Europe, Middle East and Africa (EMEA). Read More

IHS Towers awarded Telecom Finance Deal of the Year

IHS Towers, Africa’s leading independent mobile telecommunications infrastructure provider, has won TelecomFinance’s 2015 award for Deal of the Year.  Read More

Moving from doer to influencer – the shifting role of the CIO

The role of the chief information officer (CIO) has evolved over the past few years, with CIOs no longer just the decision makers for IT systems.  Read More

World market for refurbished smartphones to reach 120m units by 2017

The worldwide market for refurbished phones that are sold to end users will grow to 120 million units by 2017, with an equivalent wholesale revenue of around $14 billion, says Gartner. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Malawi Govt denies clinging to ‘Cashgate’ softwareMalawi Govt denies clinging to ‘Cashgate’ software

The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

VMware unveils vCloud for NFV with Integrated OpenStack to accelerate service innovation

VMware, the global leader in virtualisation and cloud infrastructure, today debuted VMware vCloud for NFV, an integrated Network Functions Virtualization (NFV) platform that will combine VMware’s production-proven ...