April 20th, 2011
CETel + SeaMobile Europe... Acquiring Minds Wish To Know...
CETel (Central European Telecom Services), the German Teleport & Satellite Service Provider, acquired SeaMobile Europe, a company of the SeaMobile Inc. and MTN family. The satellite communication provider based in Paris (France) will, in the future, perform under the origin name of Geolink Satellite Services, as an independent entity from CETel Germany. In early April of 2011 the companies reached the respective closing of the transaction of all assets to CETel. Trinity Advisers Limited acted as exclusive financial advisor to SeaMobile, Inc..
Geolink Satellite Services is well-known for its broad product portfolio comprising fix and mobile satellite services based Iridium, Inmarsat and iDirect technology for governmental, corporate and maritime customers. The company has an excellent reputation in the African region, especially in the French speaking markets. Within these regions, Geolink is a key supplier of satellite-based communications services for NGOs, government institutions, oil and gas, mining companies, media, fishing and offshore racing. With this acquisition, CETel will expand its service portfolio and customer base to consolidate its market position in Europe, Africa and the Middle East as well as in the mobile and maritime business. The acquisition will allow CETel to combine the expertise of both companies and to provide customers with strong system integration capabilities and best-in-class end-to-end solutions. Furthermore, it will further strengthen their position in the Middle East and African markets. The migration of all involved services and personnel is expected to be finished by the end of the second quarter this year.