SeaMobile Buys MTN for $168m
According to reports, SeaMobile, a Seattle company that provides cellular and wireless service on cruise and cargo ships, acquired a Florida-based competitor, Maritime Telecommunications Network.
The $168m all-cash deal, announced, will boost SeaMobile's position in the growing market to keep travelers and industry connected using the same devices they carry on shore.
Maritime Telecommunications Network has satellite-based broadband networks deployed on cruise ships that provide several types of media in addition to wireless communications.
source: Seattle Times
SeaMobile Buys MTN for $168m