Orbyt Global Acquires OTESAT-Maritel from OTE Group

October 8, 2024

Greek maritime satcom provider Orbyt Global has purchased OTE Group’s 94.09% stake in OTESAT-Maritel. Financial terms were not disclosed; the deal will combine OTESAT-Maritel’s s@tgate platform and expertise with Orbyt Global’s Nexus Shark III platform to expand and upgrade maritime satellite communications and digital services.

Buyers
Orbyt Global
Targets
OTESAT-Maritel
Sellers
OTE Group
Location
Greece
Transaction Type
Buyout

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