Chart Capital Partners
Chart Capital Partners completes investment in SeaMobile, Inc.
Press Release 05/12/2006
Chart Capital Partners
Seattle, WA. and Miramar, FL. (May 11, 2006) - Chart Capital Partners joined several other prominent investors and management with an equity investment to finance SeaMobile, Inc.’s (SeaMobile) acquisition of Maritime Telecommunications Network, Inc. (MTN), the leading provider of satellite-based broadband communications and networking services for the maritime industry. SeaMobile is a leading global provider of advanced at-sea wireless voice, data, and Internet communications services.
SeaMobile, a Seattle, WA based company, was founded in March 2005 by veterans of the wireless telecommunications and cable industries to provide wireless voice, data, Internet and other content and communications related services for cruise lines, oil and gas platforms, ferries, yachts, container ships, and government/military sectors. The company recently announced contracts with Silversea Cruises and Oceania Cruises and has since deployed wireless services on ships for both companies.
Based in Miramar, Florida, MTN was founded in 1991 and provides broadband connectivity and related services to the mobile maritime industry using state-of-the-art VSAT technology. Services include voice, data, corporate Internet and Internet cafes, compressed video, digital newspapers, an on-board television network and automated teller machines (ATMs). With installations on nearly 200 vessels today, the company has achieved impressive growth in the cruise line, oil and gas, and government/military sectors.
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