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Colt to acquire KVH for JPY 18.6 bln
2014-11-12 09:27:00| Telecompaper Headlines
(Telecompaper) European carrier Colt has agreed to buy Asian information delivery platform KVH for JPY 18.6 billion, or around EUR 130.0 million. The deal will be funded by existing Colt cash at hand and committed bank facilities. Colt said the deal will provide it with scale and complementary capability in key Asian cities, namely Tokyo, Singapore, Hong Kong and Seoul, and give a platform for the company to enter the APAC ICT services market, which is growing at around 12 percent per year. The transaction will also enhance Colt's competitive position in serving multi-national customers (MNCs) and so provide attractive opportunities for growth. Colt expects the acquisition to deliver annual cost and capex synergies of EUR 8.5 million by 2017 and contribute to earnings and cash flow from 2016. KVH is fully owned by FMR, FIL and their associates. FMR, FIL and certain of their associaties are also shareholders of Colt. The deal therefore constitutes a related party transaction which is subject to the approval of independent shareholders. Colt will therefore hold an AGM on 16 December in order to seek approval.
KVH More Than Doubles mini-VSAT Broadband Network Capacity in Asia-Pacific Region
2013-07-29 06:25:41| Telecom - Topix.net
MIDDLETOWN, R.I., July 29, 2013 -- Continuing the network expansion strategy outlined with the announcement of its new , has more than doubled the capacity of its mini-VSAT Broadbandsm network in the Asia-Pacific region.
Tags: region
network
capacity
broadband
KVH Introduces New IP-MobileCast Service for mini-VSAT Broadband Network
2013-06-04 08:02:52| Telecom - Topix.net
KVH Industries, Inc., today debuted its new IP-MobileCast™ content delivery service for its market-leading mini-VSAT Broadbandsm satellite network at the international Nor-Shipping show in Oslo, Norway.
Tags: service
network
broadband
introduces
KVH Industries Acquires Headland Media
2013-05-13 09:43:37| Telecom - Topix.net
KVH Industries, Inc. today announced that it has acquired Headland Media Limited, a media and entertainment services company.
Tags: media
industries
acquires
kvh
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