Blog Exposure - Intelsat Partners with Vodacom Business Nigeria to Expand Broadband Connectivity Throughout West Africa
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LONDON, UK / ACCESSWIRE / April 12, 2018 / Active-Investors.com has just released a free research report on Intelsat S.A. (NYSE I). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=I as the Company's latest news hit the wire. On April 10, 2018, the Company announced that it has signed an agreement with Vodacom Business Nigeria ("VBN") to provide satellite services aimed at expanding VBN's enterprise broadband networks and enable new and enhanced services covering the entire West Africa. The financial details of the transaction were not shared by both Companies. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Details of the Agreement
As per the terms of the new multi-year agreement between VBN and Intelsat, VBN will make use of the satellite services on Intelsat 35e to provide fast, high-quality, and strong broadband connectivity to the banking, oil and gas, and enterprise sectors across West Africa.
Intelsat 35e is the fifth of the Intelsat EpicNG satellites. Intelsat EpicNG is a high performance, next generation satellite platform that delivers global high-throughput technology without sacrificing user control of service elements and hardware. Intelsat EpicNG is based on open architecture and engineered for backwards compatibility, allowing broadband, media, mobility, and government organizations to realize the cost-efficiency of using existing hardware. At the same time, increased control means these organizations can offer customized, differentiated solutions to their end-users by defining service features like speed, hardware, and network topology.
VBN will greatly benefit from the improved performance, efficiency, and lower total cost of ownership delivered by Intelsat 35e. The partnership will allow VBN to enhance services being provided to existing customers, expand its offerings in the enterprise and Internet of Things (IoT) sectors, and expand broadband connectivity across Nigeria.
Management Quotes
Commenting on the partnership with Intelsat, Lanre Kolade, Managing Director, VBN, said:
“By integrating Intelsat's satellite services into our network, we are able to rapidly deploy our broadband network into new areas across West Africa, and deliver fast, affordable internet access today.”
Brian Jakins, Regional Vice President, Africa Sales of Intelsat, added:
“With the improved performance delivered by Intelsat EpicNG, Vodacom Business Nigeria's customers will experience an improved quality of service as soon as the service is deployed. This positions Vodacom Business Nigeria for bigger operational and business success and demonstrates that Intelsat is the partner of choice for network operators that want to deliver growth for their end users and the latest services for the population.”
About Vodacom Business Nigeria (VBN)
VBN is a wholly-owned subsidiary of the Vodacom Group, and is a leading pan-African corporate connectivity and telecommunications provider. It provides system integration and maintenance, high-speed Internet services, Pan-African data networks, enterprise voice, wireless broadband, and international VPNs to Nigerian businesses. Its network covers all the 36 states in Nigeria, including the Federal Capital Territory. The Company's African network connects over 580 million people, across 45+ African countries, and is supported by over 50 satellite transponders and 24 dedicated teleports with access to multiple sub-sea cable landing ports.
About Intelsat SA
Luxembourg-based Intelsat operates the world's first Globalized Network and provides high-quality, cost-effective video and broadband services worldwide. The Company's Globalized Network combines the world's largest satellite backbone with terrestrial infrastructure, managed services, and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. The world's leading media Companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, and ISPs depend on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications, and seamless mobility services. Intelsat also provides commercial satellite capacity to the US government and other select military organizations and their contractors.
Stock Performance Snapshot
April 11, 2018 - At Wednesday's closing bell, Intelsat's stock ended the trading session flat at $6.41.
Volume traded for the day: 3.43 million shares, which was above the 3-month average volume of 1.05 million shares.
Stock performance in the last month – up 28.71%; previous three-month period – up 92.49%; past twelve-month period – up 48.72%; and year-to-date - up 89.09%
After yesterday's close, Intelsat's market cap was at $718.24 million.
The stock is part of the Technology sector, categorized under the Diversified Communication Services industry.
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