EMC Acquires MTN Comunications
Miami, FL – April 29, 2015–Emerging Markets Communications (EMC) has signed a definitive merger agreement to acquire MTN Communications (MTN), a provider of communications and content for remote locations around the world.
The combined entity 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 the largest provider of connectivity services, in some of the most strategic verticals within the satellite industry, backed by ABRY Partners, a private equity firm specializing in funding some of the most successful communications companies in North America, with more than US$ 42 billion of completed transactions.
EMC’s global infrastructure features 52 field support centers, three wholly-owned teleports, and global satellite capacity available in C-Band, Ku-Band and Ka-Band, enabling fast installations and response times for customers worldwide. The company’s value-added services leverage patented technology and have transformed the industry with products such as SpeedNet®, a cloud-based browser providing a faster internet experience over satellite.
MTN provides end-user solutions such as Internet connectivity, voice services, live global TV and mobile apps. Enterprise solutions include crew welfare tools, Web portals and video conferencing. MTN also delivers a technical toolkit to customers for management of their own networks and optimization of their bandwidth.
The agreement is subject to regulatory review and other customary conditions, and is expected to close by second quarter of 2015.