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April 25, 2006

Cellular at sea

Posted by Tricia Duryee at 3:13 PM

Seattle-based SeaMobile, which provides cellphone service to cruise ships and other sea-going vessels, is trying to acquire a company in the same business, according to a story on Dow Jones VentureWire.

Maritime Telecommunications Network, currently owned by Perseus, and SeaMobile have filed an application with the FCC to transfer licenses from a holding company to SeaMobile as part of the deal, which is expected to close by May 8, the newsletter reported.

SeaMobile was founded in 2005 by executives of Direct TV, McCaw Cellular Communications and the cable television industry. It is backed by Ignition Partners and Cambon Capital Partners and is designed to target the 1.2 million tourists who travel on cruise ships each year.

Dow Jones reported that Perseus purchased Maritime Telecom in April 2005 for about $110 million from Falconhead Capital and Natural Gas Partners.

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Tricia Duryee
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