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August 27th, 2019

Capital Increase Completed by SatADSL and Serge Van Herck to Lead the Firm's Board of Directors

SatADSL has completed their capital increase and has announced the appointment of Serge Van Herck as President of the firm's Board of Directors, who is a veteran of the satellite industry and has held positions as CEO and as board member at multiple companies and industry organizations.

The capital increase, subscribed by SPDG (Société anonyme de Participation et De Gestion), the holding company of the Périer-D’Ieteren family, will provide SatADSL with the means required to accelerate the deployment of its global Points-of-Presence (PoP), reaching out to new markets and communities, delivering its solutions and extensive value added services portfolio. SatADSL also benefits from financial and collaborative support from finance&Invest.brussels, the Brussels Regional Investment Company.

SatADSL recently announced the launch of its Singapore PoP, replicating its European and African models, which will enable operators to access its Cloud-based Service Delivery Platform (C-SDP). SatADSL’s C-SDP is a complete operations support system/business support system (OSS/BSS), carrier-grade, fully redundant platform in the cloud,deployed as a Platform as a Service (PaaS), to allow operators to easily outsource satellite services without any upfront investment.

Serge Van Herck.

Serge Van Herck said it is a great honor for him to take on this role as Chairman of SatADSL’s Board of Directors, at a time when the need for flexible and accessible satellite solutions is growing so rapidly. This capital increase will allow SatADSL to further optimize and deploy its Platform as a Service (PaaS) offering in new markets. He looks forward to this new challenge, to sharing his knowledge as well as his industry insight and to take SatADSL’s unique offering to the next level.

Serge Van Herck was CEO at Newtec between 2006 and 2016 and, before this, worked for seven years as Head of Satellite Services at Belgacom. He served as a board member of the World Teleport Association (WTA), European Satellite Operator Association (ESOA) and Eutelsat. He also served as a board member at Flanders' Chamber of Commerce and Industry (VOKA) and Belgium's largest employers' organization and trade association, Agoria.

Thierry Eltges, CEO of SatADSL, stated that this funding will allow a substantial acceleration of the company's international expansion in an incredibly exciting period for the firm. SatADSL is now fully equipped to bolster global expansion, to deliver advanced services across new regions that include hard-to-reach and previously unconnected remote locations. The firm plans to continue our roll-out of pre-paid voucher-based services to new markets and to operate as a Virtual Network Operator on a wider scale than before.

Discover SatADSL’s technological solutions at the International Broadcasting Convention 2019 (IBC2019), RAI Amsterdam, in the Netherlands, 13-17 September 13 to 17, 2019, in Hall 1 at stand B17.