RAMTelecom Bought by SkyPort Global

OTTAWA, Canada, Feb. 26, 2007/Satnews Daily/ ― RAMTelecom, Inc., a Canadian satellite communications provider, will be acquired by SkyPort Global Communications.

The two companies have entered into a letter of intent in which SkyPort, based in Houston, Texas, will purchase all of RAMTelecom's common shares payable in cash. Optioned shares will be purchased, as will outstanding warrants of the corporation. The deal will be finalized this April.

Last year, RAMTelecom and SkyPort formed a strategic alliance to allow both companies to better meet the communications needs of their customers.

RAMtelecom is a satellite service provider delivering flexible, scalable solutions for broadband data and voice business communications. SkyPort is a global communications carrier providing broadband satellite and terrestrial communication services. It operates a Network Operations Center and teleport in Houston.

RAMTelecom has a similar Network Operations Center and secure teleport in Ottawa. Both companies serve a broad mix of government and industry customers who require reliable and secure broadband, data and voice communications, often from remote locations.

The companies said the two teleports will be connected by fiber-optic cable. This will provide full backup for each facility and will further secure each company's communications service offerings by providing complete network redundancy for customers using either system.

In addition, customers will have greater access to and coverage for managed, secure business communications services, anywhere in North America. As a result, medium and large enterprise customers in Canada and the U.S. will be able to extend their satellite-based voice, video, and data broadband communications wherever their business takes them.

The deal is expected to benefit RAMTelecom's customers by providing them with a solid North American network. The deal will lead to any layoffs or reduction in product offerings.

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