Orbyt Global made a major investment by acquiring OTESAT-Maritel, a subsidiary of the OTE Group
A strategic acquisition that establishes Orbyt Global as a dominant player in global maritime telecommunications

Athens, September 17, 2024

Orbyt Global announced the acquisition of OTESAT-Maritel, a subsidiary of the OTE Group, in a landmark move that strengthened its dominance in maritime telecommunications. This strategicmove further solidifies Orbyt Global’s already strong presence in the international market and positions it at the forefront of maritime connectivity and digital solutions providers.

This business acquisition unites two industry leaders, creating a global champion offering a complete range of solutions for modern ships’ needs. The combined offering of Orbyt Global’s technological superiority with OTESAT-Maritel’s technology and long-standing experience creates a comprehensive range of solutions: A broad combination of satellite telecommunications packages, GEO, MEO, LEO, and LTE, a full suite of digital navigation products (AVCS, ADPs, eNPs) from the UK Hydrographic Office, and integrated bridge equipment systems.

Orbyt Global is now in a position not only to support but also to enhance the experience of OTESAT-Maritel’s customers, who will benefit from a complete and personalized service, as well as access to more advanced technologies. An all-encompassing portfolio is created, ready to improve the operational performance of ships.

Finally, this move is expected to strengthen Orbyt Global’s global presence further. With an extensive network of clients and partners worldwide, Orbyt Global is now able to offer its services to an even larger audience, meeting the needs of global shipping.

More specifically, this investment marks another pivotal step in Orbyt Global’s ambitious investment plan, which includes organic growth and continuously targeted acquisitions. Last year, it announced the expansion of its international presence with the acquisition of Swedish Telenor Maritime and collaboration with FMC GlobalSat for Starlink services, and it signed an agreement with Inmarsat Maritime Ventures for the transfer of customer contracts.

Since its founding in 2021, following the merger with Media Broadcast Satellite (MBS), Orbyt Global has emerged as a leading force in maritime connectivity. Its solutions not only offer reliable communication for ships but also drive the digital transformation of the maritime sector. Providing telecommunications services, navigation solutions, and fully digitized bridge systems, Orbyt Global has already gained the trust of over 5,000 ships worldwide.

Orbyt Global’s pioneering Nexus Shark III platform is at the core of this integrated solution, offering connectivity, navigation, and communication through a single network portal, with full transparency and optimal performance for ships operating in international waters. The Nexus Shark v3 is a powerful and flexible network management software for the maritime industry, designed to meet the needs of shipping companies by monitoring, controlling, and optimizing the performance of their networks. Its modular structure allows for easy adaptation and upgrading of its functions while combining navigation, communication, ship monitoring and control, and crew welfare solutions. The Nexus Shark v3 is easy to install, adapts to existing systems, and offers top-notch security through SOPHOS, while reducing operating costs.

Orbyt Global is committed to continuing to innovate and develop new solutions that will improve the safety, efficiency, and sustainability of maritime transport.

“The group continues its steady growth, and this acquisition is a milestone in our investment plan. We are trusted by Greek shipowners who control more than 20% of the global shipping fleet, as well as the largest companies in Northern Europe and Asia, allowing us to establish ourselves as a Greek group of companies serving global shipping. This acquisition strengthens the innovative solutions and services we offer our customers through our specialized and experienced team,” said Theodoros Nikolopoulos, Founder and CEO of Orbyt Global.

Official statements from the CEO of the OTE Group are expected.

About Orbyt Global

Orbyt Global is a Greek company with an international footprint, active since 2021 in the field of maritime satellite telecommunications, electronic navigation, IT, electronic bridge systems, and integrated solutions for the shipping industry. It offers a wide range of products and solutions in the fields of electronic navigation and digital applications, talk-time connectivity services, and an innovative platform that integrates all products into one.

Orbyt Global partners with the largest satellite communication network providers and maintains strategic partnerships with some of the most significant companies in the maritime industry, offering reliable and innovative services to more than 300 customers and over 5,000 ships that already trust the NEXUS SHARK platform.
Its headquarters are in Piraeus, and it also maintains a presence in Cyprus, Germany, the Netherlands, the United Kingdom, Sweden, and Singapore.