SatADSL Announces a Capital Increase to Finance its Growth Strategy in Africa
BRUSSELS, Kingdom of Belgium, May 8, 2013/African Press Organization (APO)/ -- SatADSL (http://www.satadsl.net), a Belgian Company providing satellite Internet access and communications service in Sub-Saharan Africa, announced today the successful completion of a capital increase aiming at financing its development over the next 5 years. SatADSL completed this last round of capital increase against a cash contribution of 1 million Euros by a leading Belgian private equity investor. This investment will be used to support SatADSL growth strategy aiming at connecting thousands of branch offices of African companies in Sub-Saharan Africa with ubiquitous, reliable yet affordable satellite communications.
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“This is a further step in the direction of making SatADSL a big success” says Thierry Eltges, SatADSL CEO.
“We are delighted to work with such an experienced and committed investor which will motivate us to work even harder to fulfill our ambitious business objectives. We are fully committed to offering impeccable quality of service to our African customers and generate value for our shareholders. This capital increase will provide us with the means to support our growth strategy and to further develop our low-cost multi-service delivery platform for the benefit of our African customers. In particular we are proud to help banks and money transfer companies to expand their commercial network of branch offices and to help them providing qualitative financial services to the most remote places. ”
Distributed by the African Press Organization on behalf of the SatADSL S.A.
SatADSL (http://www.satadsl.net) is a satellite service provider offering low cost transactional, Internet access and VoIP service to branch offices of companies located in Sub-Saharan Africa.
The company is seated in Brussels, Belgium, and offers Internet access by satellite in Africa since 2010. Hundreds of African companies use SatADSL service in over 15 different countries in Africa. A money transfer company is connecting together more than 100 of their branches offices thanks to SatADSL.
SatADSL new satellite communication service in Africa is unique because it combines very high-quality service with a low cost of equipment and subscriptions. Corporate users operating in remote areas require both service quality guaranteed by SLAs and affordability. SatADSL service offer is recognized in Africa as being a unique competitive offer for serving companies small branch offices performing business-critical transactions.
SatADSL teams up with highly qualified African partners who offer a high-quality service to professional end-users, spanning from Mali to South Africa. SatADSL distribution network is expanding every day.
SatADSL (http://www.satadsl.net) will be present at SatCom Africa, in Johannesburg, 28-29 May 2013 – Stand D4. SatADSL will give a conference on Tuesday 28th at 10.30 AM.