Hard on the heels of its recent deals involving education and OTT video in the Latin American market, Spanish operator and satellite solutions and services provider Hispasat has said that it has now reached an agreement to acquire teleport operator and satellite services provider Axess Networks.
Axess Networks, recognized by the World Teleport Association as Independent Teleport of the Year 2021, has an infrastructure made up of teleports located mainly in Germany, Mexico and Colombia, as well as other installations in Peru, Chile and Saudi Arabia. The agreement values 100% of the capital of Axess Networks at US$96 million.
This acquisition, Hispasat says, fits the company’s 2020-25 strategic plan, which aims to transform the company into a satellite solutions and services provider in its target markets with greater involvement in the managed services value chain.
The agreement will allow it to optimize its offering in areas such as the extension of cellular networks via satellite, connectivity networks for corporate clients, or the digitalization of remote areas in countries with large technological gaps.
It will also enhance the development of solutions for emerging markets, such as the Internet of Things (IoT) and satellite 5G networks. Hispasat adds that the advantages of this merger will be especially notable in Latin America, a region where both companies maintain a very significant portion of their business.
This acquisition will not affect the activities carried out by Axess Networks, which will maintain its operations, management, work teams and relations with customers and suppliers.
