Spacecom Buys in to Canadian Company to Boost Position in Africa
Spacecom has bought into Canadian communications company, NuRAN Wireless as it looks to boost its market position in Africa, the company announced June 29. Spacecom has signed a strategic cooperation agreement with NuRAN Wireless including a $3.2 million investment, acquiring 9.3% of NuRAN’s equity. The partnership agreement grants Spacecom exclusive rights to provide managed services and satellite capacity for all future NuRAN African operations. This includes NuRAN’s recently won large, long-term contracts to expand Orange’s Mobile Network Operator (MNO) satellite network coverage f...
Source: satellitetoday.com