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Telenor Maritime buys SatPoint

Shipboard GSM provider Telenor Maritime has announced a deal to acquire satcom company SatPoint AB, with the aim of strengthening Telenor Maritime’s focus on the Nordic market.

{mprestriction ids="1,2"}SatPoint has more than 125 maritime broadband installations on ferries, merchant vessels, and floating accommodation units, particularly in the Baltic Sea, as well as being a provider of IT services for maritime customers in Europe and across the globe.

SatPoint was founded in 2002 in Stockholm, Sweden. The completion of the merger is dependent on approval from competition laws.

“It is important to note that the maritime sector has been undergoing a period of consolidation,” said Frode Støldal, CEO of Telenor Maritime, a subsidiary of Norwegian telecom company Telenor.

“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.”{/mprestriction}

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