ITC Global, Inc. ("ITC Global" or the "Company"), a leading provider of
enterprise grade satellite communications on a global basis to mining, energy
and maritime businesses, announced today that it has acquired the remaining 10%
interest in ITC Guinee SARL. As a result of this transaction, ITC Global will
own 100% of ITC Guinee SARL. Through ITC Guinee SARL, ITC Global will continue
to provide comprehensive networking solutions on a global basis, focusing on
Africa-based client sites.
"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," said Joseph Spytek, co-founder and Chief
Executive Officer of ITC Global. "We will continue to increase our investment
in Africa in the near term. This transaction solidifies our strong position in
the attractive African market."
ITC Global's Guinea office has been fully operational since 2005 through an
agency agreement and this location is fully staffed with a highly technical
team that will continue to deliver ITC Global's customized solutions. ITC
Global has recently been awarded industry standard HS&E certification for the
Pilbara region, and the Company continues to operate under these standards
throughout the world. This location will continue to provide VSAT services and
support, and will remain a critical location in the Company's geographic
footprint. ITC Global 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.
About ITC Global
ITC Global is a leading global satellite telecommunications service
provider, operating an enterprise grade satellite network with complete global
coverage. The Company operates through a seamless network of more than 25
advanced communications satellites. Delivering a complete set of satellite
communications solutions on a global basis, ITC Global's 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 some of the world's largest
and most successful mining, oil and gas, and maritime companies in some of the
most difficult and remote locations. For more information, please visit
Paul Sliwa, ITC Global, Inc.
ITC Global Guinea - West Africa
SOURCE: ITC Global, Inc.