Filipino mobile operator Smart Communications. has acquired a 30% equity stake in Blue Ocean Wireless (BOW), a Dublin-based telecommunication company, for USD15.9 million. The transaction was made via Smart-owned subsidiary Smart-Connect Holdings PTE Limited, the Manila Bulletin report said. Smart’s move is designed to better serve the growing wireless satellite phone customer base, especially those among seafarers, according to the paper. BOW has a global mobile communication system for the merchant maritime sector. It has delivered the world’s first nautical GSM network that supports full voice and text services, the Bulletin said.
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