SatADSL Raises 1 Billion Euroes To Increase Its African Expansion
SatADSL, a Belgian Company providing satellite Internet access and communications service in Sub-Saharan Africa, has announced 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.
“This is a further step in the direction of making SatADSL a big success” says Thierry Eltges, SatADSL CEO.