Emerging Markets Communications (EMC) has signed a definitive merger agreement to acquire MTN Communications (MTN), a leading provider of communications for remote locations around the world. The combined companies will bring together experienced professionals in the remote communications industry, servicing the land and maritime industry.
The acquisition will benefit the organisations’ combined 1,600 vessels and 8,000 land-based customer sites in some of the most hard to reach places on all continents and in every ocean.
The merged companies will be one of the largest independent providers of satellite connectivity services for both land-based sites and maritime vessels, worldwide. The company will also be one of the largest providers of connectivity services, in some of the most strategic verticals within the satellite industry.
Abel Avellan, founder and CEO of EMC commented, “Our vision is to create the next generation mobility platform offering the most reliable, secure and cost-effective connectivity solutions for people and businesses on-the-move -- and in far reaching places -- on land and at sea - and the acquisition of MTN makes this vision a reality,”
Mark Walter, president and chief operating officer at MTN added, “We are bringing together two global communications leaders to meet customers’ unprecedented requirements for land-like connectivity, content and voice services in the world’s furthest reaching corners. Our combined talent, networks and product set will deliver capabilities and scalability no other provider can offer.”
The agreement is subject to regulatory review and other customary conditions, and is expected to close by the second quarter of 2015.