SUBSIDIARY NAME
SATELLITE TELEPORT
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
TECHNOLOGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
August 3, 2022
ACQUISITION VALUATION
319 MILLION
TOTAL ASSET VALUATION
3.19 BILLION
TELECOMMUNICATION,IT
SATELLITE TELEPORT by PRO SOLUTIONS ICT acquired on August 03, 2022 and Pro-Solution ICT identified the need to provide Telecommunications to rural communities in order to uplift their general standard of living by providing proper channels for Security Communications, E-Learning, Resident General Communications and Internet Access.
In South Africa the rural communities are generally located closed to a water source but far away from the major cities. These communities vary from tens to thousands of people and doesn’t make any business sense to the major OpCo’s to provide an Optic Fibre or Microwave route to these sites, leaving 21 Million South Africans with poor or no telecommunications connectivity at all.
Pro-Solution ICT wants to rectify this injustice by erecting a Satellite Teleport that will cater for all the communication needs of “Rural South Africa”. With expansion to neighbouring countries suffering from the same fate as a stage two of the project.