Rounsevelle Schaum, chairman of Newport Global Technologies, said: This is a strategic acquisition for our company because it will become the satellite-fiber-optic gateway for our expansion in the Middle East and Africa.
The LVC (LaSilkee Virtual Connections) facilities will be expanded to include a satellite ground station which will permit us to bring to operational status our previously announced joint venture agreement with Kirkuk Telecom to provide broadband telecommunication services to Kirkuk, the cities of the Kurdistan Autonomous Region, and other Iraqi provinces. The LVC facility will also provide satellite connectivity to our present facilities in Guinea and will be the gateway for our pending developments in other African countries.
NGT, based in Newport, Rhode Island, is a private company organized by telecom and financial professionals. The company aims to develop and operate wireless networks bringing broadband technology, applications, and services to developing countries. It also provides internet connectivity, educational services, and programming to rural areas in the Middle East and Africa through its subsidiary, ETS Global.
