ITC Global, Inc. Agrees to Acquire Spidersat, Deepens Its Local Presence in Africa

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ITC Global, Inc. Agrees to Acquire Spidersat, Deepens Its Local Presence in Africa PR Newswire ST. PETERSBURG, Florida, Aug. 29, 2012 ST. PETERSBURG, Florida, Aug. 29, 2012 /PRNewswire/ -- ITC Global, Inc. ("ITC Global" or the "Company"), a leading global provider of enterprise grade satellite communication services to mining, energy and maritime businesses, announced today that it has entered into a definitive agreement to acquire privately-held Spidersat Communications Limited ("Spidersat"), a leading integrator of global communications solutions focused on providing mission critical satellite-based communication services for mining, exploration, and mining services companies operating in Africa. The combined companies will provide the most seamless coverage, service, and local support available in Africa for mining and mining- related customers. The transaction is expected to close in the next 30 days. "Spidersat is an outstanding addition to our business," said Joseph Spytek, co-founder and Chief Executive Officer of ITC Global. "Spidersat will advance ITC Global's position in Africa, and offers us a highly complementary suite of services and resources for enterprise clients throughout Africa. We are happy to have the Spidersat team join the ITC Global family, and together we will continue to provide premier, custom communications solutions to the mining and oil and gas industries across Africa.

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• Publié par: riverside-partners
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• Langue: English

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ITC Global, Inc. Agrees to Acquire Spidersat, Deepens Its Local Presence in Africa

PR Newswire ST. PETERSBURG, Florida, Aug. 29, 2012

ST. PETERSBURG, Florida,Aug. 29, 2012/PRNewswire/ -- ITC Global, Inc. ("ITC Global" or the "Company"), a leading global provider of enterprise grade satellite communication services to mining, energy and maritime businesses, announced today that it has entered into a definitive agreement to acquire privately-held Spidersat Communications Limited ("Spidersat"), a leading integrator of global communications solutions focused on providing mission critical satellite-based communication services for mining, exploration, and mining services companies operating in Africa.The combined companies will provide the most seamless coverage, service, and local support available in AfricaThe transaction is expected tofor mining and mining-related customers. close in the next 30 days. "Spidersat is an outstanding addition to our business," said Joseph Spytek, co- founder and Chief Executive Officer of ITC Global."Spidersat will advance ITC Global's position inAfrica, and offers us a highly complementary suite of services and resources for enterprise clients throughout Africa.We are happy to have the Spidersat team join the ITC Global family, and together we will continue to provide premier, custom communications solutions to the mining and oil and gas industries acrossAfricaacquisition of Spidersat comes just. The months after a significant investment in the Company by Riverside Partners, a Boston-based private equity firm, and is part of our global growth strategy. Since the investment by Riverside Partners inJanuary 2012, we have expanded our mining and energy businesses intoCanadaand the UK as well as entered into a long-term strategic partnership in the maritime business with Imtech Marine." "We are proud to be aligned with ITC Global," said Mike Hennessey, Managing Director of Spidersat."Our key markets such asBurkina Faso,Liberiaand the DRC will be highly additive to ITC Global's already strongAfricafootprint, and our local approach to satellite communications will be strengthened under the ITC Global umbrella.I have great respect for Joe and his worldwide team, and we are excited to be part of the next stage of growth." Spidersat is a leading corporate communications provider inAfrica, and provides custom networks and bandwidth access to enterprise customers throughoutAfrica. Spidersatis headquartered inTanzaniaand has additional offices, accredited engineering, and support personnel inGhanaand Western Australia. Spidersatoffers a broad range of services on the African continent, including fixed VSAT solutions and mobile satellite solutions, and has many years of experience of deploying reliable communication solutions within some of the most remote areas ofAfrica. ITC Global's announcement of its intent to acquire Spidersat follows the recent completion of its acquisition of the remaining interest in ITC Guinee SARL, bringing ITC Global's ownership to 100% of ITC Guinee SARL.ITC Global is highly committed toAfrica, and continues to strengthen its position as the leadin satellitecommunications roviderwith unaralleled localresence to

serve the mining and broader resources industries throughoutAfrica. About ITC Global ITC Global is a leading global satellite telecommunications service provider, operating an enterprise grade satellite network with complete global coverage. The Company operates through a seamless network of more than 25 advanced communications satellites.Delivering a complete set of satellite communications solutions on a global basis, ITC Global's services include custom network design, site engineering, hardware, communications support and high speed reliable bandwidth.With facilities and engineering and technical support staff across the Americas,Europe,Asia,AfricaandAustralia, ITC Global provides satellite communications systems to some of the world's largest and most successful mining, oil and gas, and maritime companies in some of the most difficult and remote locations.For more information, please visit www.itcglobal.com