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
- Industry
- Telecommunications
- Location
- Greece
- Transaction Type
- Buyout
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