ITC Global ups holding in Guinee SARL
GUINEA| Aug. 21, 2012, 8:36 a.m.
ITC Global, an international provider of enterprise grade satellite communications to mining, energy and maritime businesses, has acquired the remaining 10% interest in ITC Guinee SARL.
As a result of this transaction, ITC Global will own 100% of ITC Guinee SARL. Through ITC Guinee SARL, ITC Global will continue to provide networking solutions on a global basis, focusing on Africa-based client sites.
"Increasing ownership in one of our key markets is a core strategic objective for ITC Global. We have invested in Africa for many years, and will continue to serve our clients in Africa and globally with the outstanding service that ITC Global is known for," said Joseph Spytek, co-founder and Chief Executive Officer of ITC Global. "We will continue to increase our investment in Africa in the near term. This transaction solidifies our strong position in the attractive African market."
ITC Global's Guinea office has been fully operational since 2005 through an agency agreement and this location is fully staffed with a highly technical team that will continue to deliver ITC Global's customized solutions. ITC Global has recently been awarded industry standard HS&E certification for the Pilbara region, and the Company continues to operate under these standards throughout the world.
This location will continue to provide VSAT services and support, and will remain a critical location in the Company's geographic footprint. ITC Global will continue to offer a full range of services locally, including mobile VSAT trailer sales and rentals, Inmarsat satellite phone sales and rentals, VSAT installation, and Local Area Network infrastructure design and installation, among others.
MORE GUINEA NEWS
AccessKenya delivering security as a service 24/7/365In March this year AccessKenya Group (now an Internet Solutions Company) launched Managed Security services (MSS) in the regional market. Read More
MTN gets 3G license in GuineaMTN has been awarded a license in Guinea after signing a concession agreement with the regulator. Read More
Orange claims ‘cheapest prepaid’ crownOrange Kenya reports that it has the cheapest prepaid product among the country's four mobile operators. Read More
London conference to focus on investment in GuineaFollowing on from a Mining Code Briefing on 12 June, the ‘Invest in Guinea’ initiative is organising an all-day Invest in Guinea Conference on 13 June in London. Read More
New Leaf Africa opens office in Conakry, GuineaNew Leaf Africa, a team of leaders in technology, population health and renewable energy, has opened a new office in Conakry, Guinea. Read More
AccessKenya aims for 1Gb bandwidthAccessKenya has embarked on a one-year network optimisation drive set to deliver up to 1 Gigabit bandwidth, up from 200Mbps delivered on wireless backhauls. Read More
Africa awaits ACE switch-onThe ACE consortium is on track to make the new ACE undersea cable operational before the end of the year. Read More
Guinea gets Orange MoneyFrench-owned telco Orange has launched its Orange Money service in Guinea. Read More
New telco for Equatorial GuineaA third wireless operator has launched services in Equatorial Guinea. Read More
FEATURED STORYPWC: Optimism abounds but a bumpy journey ahead for some
PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.