Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Stratos Global has completed its acquisition of satellite service provider, Xantic, a joint venture between Telstra and Dutch carrier KPN, creating what it claims will be "the world's leading provider of advanced remote communications solutions, with a significantly expanded geographic presence and customer base in the Americas, Europe and the Asia-Pacific region."
The sale, announced last August, was completed on 14 February for $US191.3 million in cash, returning $US67 million to Telstra for its 35 percent stake in the company. Telstra also received $US13 million last year by way of a return of shareholder capital by Xantic.
Xantic, with 2004 revenue of approximately $US172 million, employs 270 people worldwide and operates Inmarsat land earth stations in Burum, Netherlands, and Perth, Australia. It also host the new satellite access station for Inmarsat's next generation BGAN (Broadband Global Area Network) service, launched late last year.
Stratos Global Corporation, listed on the Toronto Stock Exchange, offers customers operating in remote locations a variety of satellite and microwave wireless technologies to provide IP, data, and voice solutions through a range of emerging and established technologies such as Inmarsat, Iridium, Globalstar, StratosITeK, Direcway, VSAT, and others.
It serves a diverse range of markets including government, military, oil and gas, maritime, industrial, aeronautical, media and recreational users. Its services are offered through more than 300 dealers around the world. Annual revenues for 2004 were $US368.7 million.
The Telstra KPN JV was formed in 2000 as Station 12 through the merger of Telstra and KPN's Inmarsat-based mobile communications businesses. Station 12 was merged with SpecTec shortly afterwards and renamed Xantic.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
How to Make Business Discovery Work for Your Business
Business Discovery takes its cues from consumer apps. Like Google, it encourages us- ers to hunt for and explore data without worrying about or even noticing the underly- ing technology. Their entire experience is working within an intuitive interface to get real-time, self-service results with only minimal training. ...more
Try an easy-to-use set of web-enabled
tools for business-class productivity services. Office 365 provides
anywhere-access to email, important documents, contacts, and calendars
on almost any device.
Latest Headlines from IT INDUSTRY
