Announced

FMC GlobalSat to acquire Santander Teleport.

Synopsis

FMC GlobalSat, a satellite communication service provider, agreed to acquire Santander Teleport, a telecommunication company. Financial terms were not disclosed. "We are delighted to welcome Santander Teleport, a company with an unparalleled heritage, talented employees and unique position in the global satellite world, to the FMC family. We intend to develop this infrastructure and will invest in Santander Teleport's unique assets and strong human capital to keep continuing to deliver compelling and cost effective connectivity solutions for our customers. We are optimistic about Santander Teleport's ability to accelerate its growth, innovate and remain at the forefront of our discerning customers satisfaction and excellence, particularly in light of the LEO revolution," Emmanuel Cotrel, FMC CEO.

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