ST. PETERSBURG, Fla., Aug. 20, 2012 /PRNewswire/ -- 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 www.itcglobal.com
SOURCE ITC Global, Inc.