Business

Satellite communications firm EMC to acquire MTN of Miramar

Miami-based satellite communications company Emerging Markets Communications has agreed to to acquire MTN Communications of Miramar, a provider of communications and content for remote locations around the world.

The combined entity will become one of the largest independent providers of satellite connectivity services for both land-based sites and maritime vessels worldwide, growing to a combined 1,600 vessels and more than 8,000 land-based customer sites in remote locations, the companies said on Wednesday. Customers will include maritime, energy, cruise lines and ferries, yachts, non-governmental organizations, telecommunications providers, global enterprises and governments.

“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,” said Abel Avellan, founder and CEO of EMC, in a news release.

The agreement is subject to regulatory review, and is expected to close by second quarter of 2015.

Nancy Dahlberg

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