ITC Global ups holding in Guinee SARL
BUSINESS| 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 BUSINESS NEWS
GrowthAfrica, Usahibu partner to solve SME accounting issuesKenyan accelerator GrowthAfrica has partnered cloud computing firm Uhasibu in a bid to address the accounting and financial software needs of East African startups and small and medium enterprises (SMEs). Read More
Top 10 risks worth considering when expanding into AfricaCompanies planning to expand across Africa must make a concerted effort to understand the risks, and not assume they “know” Africa, says ContinuitySA. Read More
Shop Soko connects Kenyan artisans to lucrative international marketsA new e-commerce platform, Shop Soko, is helping Kenyans access a lucrative international market. Read More
Ricoh SA begins rollout of new services-led strategy, Africa expansionJacques van Wyk has been appointed Ricoh SA’s new COO to drive the expanded strategy that will enable the business to become a services-led organisation and see its expansion into the rest of Africa. Read More
Stock Exchange launches news serviceA news service by the name of X-News has become the latest product coming from the local bourse, the Botswana Stock Exchange (BSE) recently. Read More
Telkom forays into Botswana through acquisitionSouth African telecommunications giant Telkom is making inroads into the Botswana market through the acquisition of an ICT company, Business Connexion (BCX). Read More
Umati Capital secures $10m finance line from ApexPeakKenyan financial tech startup Umati Capital has agreed a deal with ApexPeak securing its first line of wholesale capital. Read More
Kirusa acquires Ghana’s Saya MobileVoice messaging and social media apps firm Kirusa has acquired Ghana-based Saya Mobile, which provides instant messaging apps geared specifically for African consumers. Read More
SAP to invest up to $500m in African innovationSAP has announced a long-term commitment to regional expansion, sustainable growth and skills development of up to 10,000 IT consultants in Africa. Read More
Microsoft, UNDP partner to support Ethiopian entrepreneursMicrosoft has signed a collaborative agreement with the United Nations Development Programme (UNDP), under which Microsoft will provide training and mentorship services to 200,000 Ethiopian entrepreneurs. Read More
FEATURED STORYSafaricom-Equity battle for mobile banking hots up
Equity bank's entry to the mobile banking and telephony industry is still hanging in the balance with London-based global association of mobile operators (GSMA) calling for independent audit.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.