Paratus

Infinera GX Series Powers Paratus Superhighway Network Between Johannesburg and Europe

Retrieved on: 
Thursday, April 18, 2024
Paratus, Senior, Equiano, SAN, Cryptocurrency

Infinera’s solutions were deployed on the recently completed 1,890-km Paratus express fiber link between Johannesburg and Europe, via Botswana to Swakopmund, where it connects with the Equiano subsea cable from Namibia to Lisbon and on to London and the rest of Europe.

Key Points: 
  • Infinera’s solutions were deployed on the recently completed 1,890-km Paratus express fiber link between Johannesburg and Europe, via Botswana to Swakopmund, where it connects with the Equiano subsea cable from Namibia to Lisbon and on to London and the rest of Europe.
  • Paratus’ new superhighway offers network operators an unparalleled opportunity for capacity and redundancy where resilience and high-speed performance are required.
  • Deploying Infinera’s solutions mitigates possible cable station faults and ensures the network remains intact and fully functional around the clock.
  • “Our continual investment in creating Africa’s quality network is now extended with the live launch of this superhighway powered by Infinera’s industry-leading technology.

Eutelsat OneWeb Supports Paratus South Africa for the Launch of Its South Africa Connectivity Services

Retrieved on: 
Friday, January 19, 2024
Technology, Mobile, Wireless, Networks, Satellite, London Stock Exchange, Partnership, Agriculture, GEO, Mining, Paratus, Euronext Paris, SNP, Eutelsat, ETL, LEO, Telecommunications, Tourism, Communications satellite

Eutelsat Group (Euronext Paris, London Stock Exchange: ETL), announces that Paratus South Africa, a leading specialist connectivity provider, and Eutelsat OneWeb have partnered to enhance Paratus’ connectivity offering in South Africa.

Key Points: 
  • Eutelsat Group (Euronext Paris, London Stock Exchange: ETL), announces that Paratus South Africa, a leading specialist connectivity provider, and Eutelsat OneWeb have partnered to enhance Paratus’ connectivity offering in South Africa.
  • Paratus South Africa already provides Geostationary (GEO) satellite services through its long-standing partnership with Eutelsat Group and this new agreement further strengthens its satellite connectivity services through a combined GEO/LEO offering to address businesses operating in remote parts of the country, notably retail, banking, mining, agriculture, and tourism.
  • Under this latest agreement, Eutelsat OneWeb services have been integrated within the Paratus core fibre network covering over 20,000 kms across Sub-Saharan Africa, enabling Paratus South Africa to offer unique high-capacity connectivity solutions to its customers.
  • Kallie Carlsen, Managing Director of Paratus South Africa, said: “Introducing the Eutelsat OneWeb LEO service is a momentous step for the telecommunications industry in South Africa.

Botswana ICT & Telecommunications Industry Report 2023: Mobile Money and Innovative Offerings Fuel Botswana's Telecom Surge

Retrieved on: 
Tuesday, October 31, 2023
Botswana Telecommunications Corporation, Education, Mascom, Internet, Telecommunications, Internet service provider, Telecommunications industry, BTC, ICT, Agriculture, Mobile phone, Paratus, Huawei, Orange

DUBLIN, Oct. 31, 2023 /PRNewswire/ -- The "ICT & Telecommunications Industry in Botswana 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 31, 2023 /PRNewswire/ -- The "ICT & Telecommunications Industry in Botswana 2023" report has been added to ResearchAndMarkets.com's offering.
  • The sector includes three big operators, Mascom Wireless, Orange Botswana and Botswana Telecommunications Corporation (BTC), and several internet service providers (ISPs).
  • Mobile money services continue to grow, with the number of subscribers increasing by more than 10% in 2022.
  • This report is on the telecoms industry in Botswana, including mobile, fixed telephony, internet and broadband, and the infrastructure that supports them.

Paratus Energy Services Ltd. - Appointment of Joachim Bale to the Board

Retrieved on: 
Tuesday, September 5, 2023
McKinsey & Company, Growth, Farallon Capital, Bain Capital, Security (finance), Management, Paratus

HAMILTON, Bermuda, Sept. 5, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or "Company") announces the appointment of Joachim Bale as the newest member of the Company's board of directors, effective August 30, 2023.

Key Points: 
  • HAMILTON, Bermuda, Sept. 5, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or "Company") announces the appointment of Joachim Bale as the newest member of the Company's board of directors, effective August 30, 2023.
  • Mr. Bale is currently a Founding Partner at Lodbrok Capital, an alternative investment management firm.
  • Prior to Lodbrok Capital, Mr. Bale served as an investment professional at Farallon Capital, a multi-strategy hedge fund.
  • "We are delighted to have Joachim Bale join as our newest board member" said Mei Mei Chow, Chairperson of the board of Paratus.

Paratus Energy Services Ltd. - Appointment of Joachim Bale to the Board

Retrieved on: 
Tuesday, September 5, 2023
McKinsey & Company, Growth, Farallon Capital, Bain Capital, Security (finance), Management, Paratus

HAMILTON, Bermuda, Sept. 5, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or "Company") announces the appointment of Joachim Bale as the newest member of the Company's board of directors, effective August 30, 2023.

Key Points: 
  • HAMILTON, Bermuda, Sept. 5, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or "Company") announces the appointment of Joachim Bale as the newest member of the Company's board of directors, effective August 30, 2023.
  • Mr. Bale is currently a Founding Partner at Lodbrok Capital, an alternative investment management firm.
  • Prior to Lodbrok Capital, Mr. Bale served as an investment professional at Farallon Capital, a multi-strategy hedge fund.
  • "We are delighted to have Joachim Bale join as our newest board member" said Mei Mei Chow, Chairperson of the board of Paratus.

Paratus Energy Services provides a trading update for Q1 2023

Retrieved on: 
Monday, June 19, 2023
Risk, Transformation, Seadrill, Convertible, Pride International, Valaris plc, Sapura Energy, The Company, PEMEX, QHSE, SCM, Vasco Seabra, S.A, Schlumberger, Video game, Airline, Management, EBITDA, Paratus, Archery

HAMILTON, Bermuda, June 19, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or the "Company") today announced a trading update for the first quarter 2023 and updates on Paratus, its subsidiaries and associated companies ("Paratus Group").

Key Points: 
  • HAMILTON, Bermuda, June 19, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or the "Company") today announced a trading update for the first quarter 2023 and updates on Paratus, its subsidiaries and associated companies ("Paratus Group").
  • In the first quarter ending March 31, 2023, Paratus generated $43 million in revenue and $12 million in EBITDA[1].
  • In the fourth quarter ending December 31, 2022, Paratus generated $52 million in revenue and $24 million in EBITDA1.
  • During the first quarter period ending March 31, 2023, Paratus' wholly owned subsidiary SeaMex Holdings, Ltd. ("SeaMex") and its subsidiaries (collectively with SeaMex, "SeaMex Group") generated $43 million in revenue and $15 million in EBITDA.

Paratus Energy Services Ltd. Company update

Retrieved on: 
Friday, March 17, 2023
Onix, Petrobras, Kolskaya (jack-up rig), Oslo Stock Exchange, Abu Dhabi National Oil Company, Rubi, Acquisition, Investment, Divisional patent application, National oil company, Transport, Research, Diamante, Pemex, Partner, International Banking Facility, Growth, Melqart, ICAEW, MID, Sparebank, Hemen, Sale, Vasco Seabra, Cryptocurrency, Management, Security (finance), Bank, Paratus, Sapura Energy, Archery

HAMILTON, Bermuda, March 17, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus") today announced the completion of the sale of all of Seadrill's ownership interest in Paratus and general business updates on Paratus, its subsidiaries, and associated companies ("Paratus Group").

Key Points: 
  • HAMILTON, Bermuda, March 17, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus") today announced the completion of the sale of all of Seadrill's ownership interest in Paratus and general business updates on Paratus, its subsidiaries, and associated companies ("Paratus Group").
  • Paratus will continue to build on its in-house expertise to further develop the company as a leading oil services holding company.
  • Paratus is pleased to announce the hiring of Robert Jensen as the new Executive Director of Paratus.
  • Paratus today also announces the appointment of a new Paratus board of directors.

Paratus Energy Services Ltd. Company update

Retrieved on: 
Friday, March 17, 2023
Onix, Petrobras, Kolskaya (jack-up rig), Oslo Stock Exchange, Abu Dhabi National Oil Company, Rubi, Acquisition, Investment, Divisional patent application, National oil company, Transport, Research, Diamante, Pemex, Partner, International Banking Facility, Growth, Melqart, ICAEW, MID, Sparebank, Hemen, Sale, Vasco Seabra, Cryptocurrency, Management, Security (finance), Bank, Paratus, Sapura Energy, Archery

HAMILTON, Bermuda, March 17, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus") today announced the completion of the sale of all of Seadrill's ownership interest in Paratus and general business updates on Paratus, its subsidiaries, and associated companies ("Paratus Group").

Key Points: 
  • HAMILTON, Bermuda, March 17, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus") today announced the completion of the sale of all of Seadrill's ownership interest in Paratus and general business updates on Paratus, its subsidiaries, and associated companies ("Paratus Group").
  • Paratus will continue to build on its in-house expertise to further develop the company as a leading oil services holding company.
  • Paratus is pleased to announce the hiring of Robert Jensen as the new Executive Director of Paratus.
  • Paratus today also announces the appointment of a new Paratus board of directors.

Mapcom Systems Partners With Paratus Telecom for ISP and OSP Management in Namibia

Retrieved on: 
Thursday, May 10, 2018
Technology, Liocranidae, Wireless, Paratus, LTE, Flournoy, Information and communications technology

"We're thrilled to add Paratus to our growing international family," stated Chuck Flournoy, president of Mapcom Systems.

Key Points: 
  • "We're thrilled to add Paratus to our growing international family," stated Chuck Flournoy, president of Mapcom Systems.
  • "Paratus provides industry-leading telecommunications services, paired with exemplary ongoing support for their customers, and that is precisely what Mapcom is about.
  • We're incredibly excited to be a part of helping Paratus consistently deliver superior LTE, Voiceand so much more to Namibia and the surrounding area."
  • Paratus is the largest privately owned Pan African telecoms operator and already delivers products and services to 22 African countries.