ICT Global Buying Satellite Business from Broadpoint
ICT Global, a provider of satellite communications services to the mining, energy and maritime industries, has agreed to purchase the satellite operations of Broadpoint LLC in an acquisition that will nudge forward the expected consolidation in the satellite services sector, ICT and Broadpoint announced.
St. Petersburg, Fla.-based ICT owns satellite network operations centers in Florida and in Perth, Australia. Broadpoint delivers voice, data and video services mainly to customers in the energy industry in the Gulf of Mexico. Broadpoint said the sale of its satellite unit to ITC will permit Broadpoint, a subsidiary of Cellular One of Texas, to focus on its core terrestrial-cellular business in the Gulf of Mexico.
ICT said the acquisition, whose financial terms were not disclosed, will enable it to offer customers a broader geographic footprint for ICT services. The company has a teleport in Harahan, La., in addition to its Florida and Australia facilities.
“The acquisition supports ITC’s strategic goal of growing its already strong presence in the global resource segment in addition to providing a strong beachhead into the Gulf of Mexico’s oil and gas market for our customer base,” ICT Vice President Joseph Spytek said in an April 21 statement announcing the acquisition. “Our vision is to … firmly establish ITC as one of a very short list of companies able to provide fully managed networks on a truly global basis.”