CORPORATE GOVERNANCE

Hispasat Acquires Teleport Operator Axess Networks

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By Stuart Thomson

Red Eléctrica Group-owned Spanish satellite operator Hisapsat is to acquire Axess Networks, a teleport operator and satellite services provider with a presence in Latin America, Europe, the Middle East and Africa.

Hispasat said the acquisition is in line with its 2020-25 strategic plan, which aims to transform the company into a satellite solutions and services provider in its target markets.

This means greater involvement of Hispasat in the managed services value chain, increasing its proximity to customers and being able to adapt and quickly develop solutions.

Hispasat said the acquisition would enable it to expand in the area of cellular networks via satellite, connectivity networks for corporate clients, and the digitalization of remote areas in countries with large technological gaps.

It said that the advantages of this merger would be especially notable in Latin America, a region where both companies maintain a very significant portion of their business.

Axess Networks ownsteleports located mainly in Germany, Mexico and Colombia, as well as other installations in Peru, Chile and Saudi Arabia. It has a broad customer base in industrial and corporate sectors related to telecommunications, oil and energy, and mining.

Hispasat CEO, Miguel Ángel Panduro said: “We are very pleased with the agreement reached with Axess Networks, an action that responds to the increasingly essential collaboration among industry players with the aim of meeting society’s demands for connectivity. In recent years, several operations of this type have occurred in the sector and our partnership with Axess Networks will provide us with optimum strategic positioning in two areas that have huge potential for growth in satellite communications: Latin America and the B2B solutions market.”

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