RAMTelecom terminates takeover talks with SkyPort Global
By KRYSTLE CHOW
Published in the Ottawa Business Journal.
May 28, 2007
Click here to view this article on OttawaBusinessJournal.com.
Photo by DARREN BROWN for the Ottawa Business Journal
Satellite services company RAMTelecom Inc. has ended takeover negotiations with Texas-based SkyPort Global Communications Inc., with SkyPort walking away from the deal just a few weeks after appointing a new CEO.
Ottawa-based RAMTelecom last week announced that it has a reached a mutual agreement with SkyPort to “terminate the proposed acquisition of RAMTelecom to SkyPort and, alternatively, strengthen their alliance moving forward.”
“We recognize the common synergies between the two companies and strengthening the existing business-to-business relationship will help us expand our satellite-based business communications services,” said RAMTelecom chief executive Ralph Misener in a statement.
Mr. Misener added that the company has started (more…)
