Cable Technology Feature Article
March 05, 2009
eLandia Group Acquires Pacific Island Cable Assets
By Rajani Baburajan, TMCnet Contributor
eLandia International, a provider of information and communication technologies to emerging markets, has announced that it is acquiring Pacific Island Cable assets through its subsidiary BlueSky Communications.
Terms of the transaction were not disclosed.
The acquisition of Pacific Island Cable assets will enable BlueSky to gain access to “new subscribers and the resources and technology to deliver enhanced video entertainment and telecommunications services to a larger audience.”
BlueSky Communications provides telecommunications and technology in the U.S Territory of American Samoa. The integration of Pacific Island Cable into BlueSky Communications will also result in “operational synergies, expansion of the company's product portfolio and optimized customer service and sales operations,” officials said.
Pacific Island Cable serves over 2700 subscribers with its own Island-wide fiber and coax infrastructure. The company's twelve month trailing revenues were approximately US$1.6MM, officials said.
“This is an important milestone for BlueSky Communications as we continue to build a world-class communications and entertainment platform in American Samoa,” said Adolfo Montenegro, chief executive officer and president of BlueSky Communications, in a statement.
The combined expertise of BlueSky Communications and Pacific Island Cable will drive the delivery of new generation of service to American Samoa. It will provide a wide range of integrated telecommunications and entertainment solutions to new as well as existing customers, officials said.
Additionally, the American Samoa - Hawaii submarine Cable project will add unprecedented network capacity to American Samoa, enabling faster Internet access, real-time TV programming and a fiber-optic connection to the citizens of American Samoa.
“eLandia is committed to growing the company through continued expansion of existing operations and key strategic acquisitions,” said Pete R. Pizarro, chairman and chief executive officer of eLandia, in a statement. “Pacific Island Cable assets will significantly enhance BlueSky's service capabilities and we look forward to delivering exciting new solutions with the combined organization.”
eLandia International (News - Alert) had restructured its South Pacific operations by consolidating its presence in American Samoa, Fiji and Papua New Guinea. Apart from BlueSky Communications, eLandia Group companies in the South Pacific include Datec and American Samoa Hawaii Cable (ASHC). They provide technology integration, education, infrastructure solutions and wireless telecommunications services.
Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.
Edited by Stefania Viscusi