Pan-African telecommunications operator, Paratus announced on Wednesday, 25 September 2019, that it has successfully acquired a satellite teleport thanks to its subsidiary, Maxwell technology. Details of the transaction have yet to be disclosed. Paratus will now be able to incorporate both the transfer of assets and resources as well as the associated business revenue into its South African operations.
Paratus South Africa managing director, Kallie Carlsen says, “South Africa has been operating in the satellite business segment for many years and has core competencies in this field across our African operations. We can support our client base as well as create a sustainable growth model.”
According to the company, while currently functioning across Africa to aid in the 4th Industrial Revolution, Paratus is focused on providing ‘unique propositions that demonstrate its customer experience’ across the continent.
“Paratus Africa is structuring itself towards an aligned focus to continue strengthening its core operations. We are proud of the team in South Africa for successfully concluding this deal in line with our Group strategic goals. We will continue to challenge the status quo in Africa by activating our investment strategy throughout the region,” says Paratus Group CEO, Barney Harmse.
“Paratus South Africa is critically poised to leverage not only the expertise of the local staff but also the Group proposition across pan-Africa, providing current and potential customers with a network that can support their growth requirements throughout the multiple technologies offered in the Group,” concludes Carlsen.
Edited by Jenna Cook
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