Telenor Maritime Acquires Satpoint AB
Posted by Michelle Howard
Friday, September 30, 2016
Telenor Maritime has acquired SatPoint AB, a firm with a strong position in the Baltic Sea with more than 125 maritime broadband installations on ferries, merchant vessels, and floating accommodation units. The merger is dependent on approval from competition laws.
SatPoint AB is a provider of broadband satellite communication and IT services for maritime customers in Europe and across the globe, delivering VSAT equipment and capacity, teleport, and operations, enabling services such as VoIP, GSM, VoD, and TV. SatPoint AB was founded in 2002 in Stockholm, Sweden.
“It is important to note that the maritime sector has been undergoing a period of consolidation,” said Frode Støldal, CEO of Telenor Maritime. “By acquiring SatPoint, we are strengthening our position in Northern Europe and key customer segments, such as Ferries. Telenor Maritime is a major global mobile operator at sea with a mobile-centric solution. We will make an impact and drive the ongoing digital business transformation in the maritime industry deploying our Smart Networks, Mobile Access and Connectivity Platform.”
Magnus Hedberg, CEO of SatPoint, said, “Being part of Telenor will be very beneficial to SatPoints existing VSAT customers and together with Telenor Maritime we will be able to provide high-quality innovative services to our customers and continue to grow the market.”