US-based ITC Global, a provider of satellite communications to the mining, energy and maritime sectors, has acquired the remaining 10 per cent interest in ITC Guinee.
As a result of the transaction, ITC Global will own 100 per cent of ITC Guinee SARL.
ITC Global's Guinea office has been fully operational since 2005 through an agency agreement. The location is fully staffed with a technical team that will continue to deliver ITC Global's customised solutions, the company said.
ITC Global said the location will continue to provide VSAT services and support, and will remain a critical location in the company's geographic footprint. It will continue to offer a full range of services locally, including mobile VSAT trailer sales and rentals, Inmarsat satellite phone sales and rentals, VSAT installation, and local area network infrastructure design and installation, among others.
Commenting, Joseph Spytek, co-founder and chief executive officer of ITC Global, said: "Increasing ownership in one of our key markets is a core strategic objective for ITC Global. We have invested in Africa for many years, and will continue to serve our clients in Africa and globally with the outstanding service that ITC Global is known for. We will continue to increase our investment in Africa in the near term. This transaction solidifies our strong position in the attractive African market."
Headquartered in St Petersburg, Florida, US, ITC Global is a global satellite telecommunications service provider, operating an enterprise grade satellite network with complete global coverage. The company operates through a network of more than 25 advanced communications satellites. Services include custom network design, site engineering, hardware, communications support and high speed reliable bandwidth.
With facilities and engineering and technical support staff across the Americas, Europe, Asia, Africa and Australia, ITC Global provides satellite communications systems to mining, oil and gas, and maritime companies worldwide.
