H.I.G. Capital, a leading global private equity investment firm with over €20 billion of equity capital under management, announced that it has acquired substantially all the assets of Xtera Communications, Inc., a provider of innovative and bespoke subsea fiber optic solutions. H.I.G. previously provided debtor-in-possession financing to the Xtera debtors in connection with the chapter 11 case.
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SpeedCast International is the first Inmarsat partner to integrate the software element of the Fleet Xpress Network Service Device (SoftNSD) into its Fleet Xpress offering.
Prysmian, world leader in the energy and telecom cable industry, has been awarded a contract worth more than € 300 million with Réseau de Transport d'Électricité (RTE) to develop submarine cable links to connect three planned offshore wind farms to the mainland power grid in France.
Marlink has signed an agreement to enter into a joint venture with the satellite connectivity business of Greece and Cyprus based TNL Group, enabling it to launch a brand new maritime satellite communications expert, Marlink CG.
Satlink Satellite Communications Ltd, a member of The Tototheo Group, has entered into a new agreement with Inmarsat to integrate Fleet Xpress into Satlink’s existing service portfolio. Through the agreement, Satlink will bring more than 1,500 vessels to the Fleet Xpress service over a five-year period.