Thursday, April 30, 2015

Merger underway for leading remote communications firms

Merger underway for leading remote communications firms: "Emerging Markets Communications (EMC) has signed a definitive merger agreement to acquire MTN Communications (MTN), a leading provider of communications and content for remote locations around the world.  The combined entities bring together the most talented and experienced professionals in the remote communications industry, servicing land and maritime-based customers, with a transformative suite of network products and services for businesses and people, connecting in hard to reach places or on the move. The acquisition will benefit the organizations’ combined 1,600 vessels and more than 8,000 land-based customer sites in the most hard to reach places on all continents and in every ocean.  Customers will represent multiple verticals, including maritime, energy, cruise lines and ferries, yachts, non-governmental organizations, telecommunications providers, global enterprises and governments. The combined entity will be one of the largest independent providers of satellite connectivity services for both land-based sites and maritime vessels, worldwide. The company will also be the largest provider of connectivity services, in some of the most strategic verticals within the satellite industry, backed by ABRY Partners, a private equity firm specializing in funding some of the most successful communications companies in North America, with more than $42 billion of completed transactions."

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