ITC Global completes acquisition of Broadpoint’s satellite unit

ITC Global (ITC), a provider of satellite
communications services to the mining, energy and maritime industries,
announced that it completed the acquisition of the satellite operations of
Broadpoint, a provider of communications services to the oil & gas sector
in the Gulf of Mexico.

The acquisition unites Broadpoint‘s experience and customer base with ITC’s global coverage and resources to create
a comprehensive VSAT communications solution for the oil & gas market.

The acquisition establishes ITC as one of
the world’s leading satellite service providers in the oil & gas

The company manages a global VSAT network
across more than 25 satellite beams and nine teleports, covering every
geography in which oil & gas companies operate. Broadpoint’s customers will
be able to access ITC’s worldwide service, technology advisors and managed
support. Broadpoint will retain its core cellular telecommunications business,
which operates the only ubiquitous cellular voice and data network in the Gulf
of Mexico.

“Acquiring Broadpoint supports our strategy
of enhancing our already strong presence in the global resource segment,” said
Joseph Spytek, ITC Global’s chief executive officer.

By Team

[email protected]