Formation of SatCom Global
November 06 2006 - 2:01AM
UK Regulatory
RNS Number:5504L
SatCom Group Holdings plc
06 November 2006
Press Release 6 November 2006
SatCom Group Holdings plc
("SatCom" or "the Group")
Formation of SatCom Global FZE
SatCom Group Holdings plc, a reseller of mobile satellite communications, today
announces the formation of SatCom Global FZE ("SatCom Global"), a wholly-owned
subsidiary of the Group based in the United Arab Emirates.
The formation of SatCom Global will enable the Group to consolidate all airtime
billing within one operating subsidiary. Currently, airtime billing is being
managed separately by SatCom Distribution, Horizon Mobile Communications, World
Communications Center and Net Africa Arabia. Likewise, all of the Group's
service agreements with mobile operators will be re-assigned to SatCom Global.
In addition to the consolidation of the Group's airtime billing, SatCom Global
will also become the specialised central technical support centre for all of the
Group's customers on a 24/7 basis. Currently, SatCom provides customer support
through each of its operating subsidiaries.
Commenting on the formation of SatCom Global, Mark White, Chief Executive of
SatCom Group Holdings, said: "The formation of SatCom Global and the
centralisation of SatCom's airtime billing will result in improved operational
efficiencies and we expect the Group to benefit from increased buying power for
airtime and hardware from mobile satellite operators. In addition to the
commercial benefits, it is expected there will also be tax savings in the medium
term. We expect the restructuring to be completed by March 2007."
- Ends -
For further information:
SatCom Group Holdings plc
Mark White, Chief Executive Officer Tel: +44 (0) 1722 439 206
mark.white@satcomgroup.com www.SatComgroup.com
Martin Ward, Chief Financial Officer Tel: +44 (0) 1722 439 201
martin.ward@satcomgroup.com www.SatComgroup.com
Ernst & Young LLP
John Stephan / Bob Davies Tel: +44 (0) 207 951 2000
jstephan@uk.ey.com
Teather & Greenwood Limited
Jeff Keating / Fred Walsh Tel: +44 (0) 207 426 9000
Jeff.keating@teathers.com www.teathers.com
Media enquiries:
Abchurch
Heather Salmond / Chris Lane Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com www.abchurch-group.com
Notes to Editors
SatCom is a global reseller of airtime services and satellite systems hardware
(mobile handsets and data terminals) for major satellite systems operators,
including Inmarsat, Thuraya and Iridium. SatCom's key target markets include
the US, Europe, Asia, Middle East and the maritime community worldwide.
SatCom is based in Salisbury in the UK, with further offices in the USA, Dubai
and throughout the Asia region. SatCom has established a robust customer base
in excess of 15,000 active terminals and is able to offer all communication
solutions.
Products range from small, handheld phones through to terminals such as the
Inmarsat B-GAN, a high speed satellite Internet Protocol modem operating at
speeds of up to 432 kbits/s. In addition, SatCom provides airtime services via
the three satellite operators to key customers including dealers, commercial
companies and Governments.
The user terminals are used with a SIM card that is registered by the end user
at www.simreg.com. This website is proprietary to SatCom, allowing SatCom to
register terminals and for customers to purchase prepaid airtime online.
Iridium is the only operator to offer a fully global, mobile satellite system,
providing voice and data solutions via a network of 66 low earth orbit ("LEO")
satellites built by Boeing. The Iridium service is delivered to and from remote
areas so is ideally suited for industrial applications such as heavy
construction, defence, maritime, oil and gas and aviation.
Thuraya offers cost effective satellite services to nearly one third of the
globe. Thuraya's satellite operations cover Europe, the Middle East, North
Africa and the Indian subcontinent and operate via a geo-stationary satellite
system. The Thuraya system includes a second satellite launched in early 2003
and a third satellite is planned in order to expand system capacity even
further.
Inmarsat was the world's first global mobile satellite communications operator
and is still the only one to offer a mature range of modern communications
services to maritime, land-mobile, aeronautical and other users. It operates a
constellation of geo-stationary satellites designed to extend phone, fax and
data communications all over the world.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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