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Home arrow Newsflashes arrow Norsat partnership
Norsat partnership PDF Stampa E-mail

We are pleased to announce that Norsat is entered in the wimax market and will use Euronia Wimax-in-a-box solution in his deployments. 

We start this partnership on Malawi project. norsat logo

From the Norsat press release:

VANCOUVER, British Columbia--Norsat International Inc. (“Norsat”), a leading provider of intelligent satellite solutions, announces that via its investing arm, Norsat Capital Inc, (“Norsat Capital”), it has made its first strategic investment in a Malawi, Africa-based wireless broadband operator, Tonse Solutions (‘Tonse’) .

Norsat has invested a total of $1,200,000 in Tonse, $500,000 representing a 19.99% equity stake in Tonse and $700,000 into a 3-year convertible bond carrying an interest rate of 10%. Norsat has also received a purchase order from Tonse to purchase $1,000,000 of wireless equipment and software to build a wireless broadband system in the capital of Malawi.

Tonse, based in Lilongwe, the capital of Malawi, is a newly licensed broadband network operator that will utilize wireless networking technologies to offer reliable and more affordable voice, data and video solutions than currently available. This is a significant opportunity; as access to telecommunications in Malawi is limited. The target markets will initially be government, corporate, public and private schools, hospitals, hotels and NGOs. As the operation expands in Malawi, the customer base will be expanded to include individual consumers.

“This is an important initiative for Norsat to develop a reference site for our wireless networking division,” said Dr. Amiee Chan, President and CEO, Norsat International Inc. “This investment is a natural fit for Norsat, with our vision to be a dominant provider of communications in remote and austere regions of the world. By assisting Tonse to establish its broadband capabilities in a market like Malawi, Norsat International has the potential opportunity to reap the rewards of being a partner to service providers in emerging markets.”

“Tonse will be the first to offer a true broadband experience, including a faster, safer and more affordable connection,” said Jam Kaunda, CEO, Tonse Solutions. “We are extremely pleased to partner with Norsat to bring the next generation wireless technology to our community. The technology that will be deployed will be a more reliable, more robust and more affordable communications service. We look forward to growing our business together with Norsat and creating a mutually profitable and lasting relationship. 

 
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