OneWeb Acquires TrustComm Inc.
May 10, 2021
OneWeb has entered into a definitive agreement to acquire TrustComm Inc., a Houston-based managed satellite communications and professional services provider, and will operate TrustComm as a newly acquired government-focused subsidiary. The acquisition is intended to enable OneWeb to offer its LEO network and connectivity services to U.S. government clients (including the DoD) and TrustComm customers; terms were not disclosed and the deal was expected to close in 2021.
- Buyers
- OneWeb
- Targets
- TrustComm Inc.
- Industry
- Telecommunications
- Location
- Texas, United States
- Transaction Type
- Buyout
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