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Stratos Global Corp. closed its $191.3 million acquisition of rival satellite communications company Xantic B.V. Feb. 14, creating a half billion dollar company with a 44 percent market share of Inmarsat mobile satellite telecommunications revenue.
The acquisition combines Stratos' satellite Internet protocol (IP), data and voice strength in the Americas with Xantic's position in Europe and the Asia-Pacific region and "creates the clear market leader in each of the key vertical markets for mobile satellite services, including...