On July 21, 2015 Tampnet Inc., the US subsidiary of the Norwegian-based leading offshore high capacity and low latency communications provider Tampnet AS (“Tampnet”), entered into an agreement to acquire Broadpoint LLC (“Broadpoint”), a pioneer within offshore communications to the Oil & Gas (“O&G”) industry in the Gulf of Mexico (“GoM”).
On July 28, 2016, Tampnet received all necessary regulatory approvals and the acquisition of Broadpoint was completed on August 4, 2016.
Broadpoint owns and operates a 2G/GSM (“2G”) network consisting of about 55 base stations placed on rigs and platforms in the GoM, as well as certain telecom frequency licenses, and is serving the offshore industry in the GoM. Broadpoint also provides roaming services to telecom carriers who, in turn, offer voice and data services to their clients in remote offshore areas.
Tampnet will through this acquisition offer premium, Gulf-wide 4G/LTE (“4G”) coverage to the O&G industry in the region, its resellers and its roaming partners by upgrading and expanding the existing 2G network to offer robust and reliable 4G services. In parallel to the Broadpoint acquisition, Tampnet has entered into a key long-term roaming agreement with a leading telecom carrier – enabling this carrier to utilize the state-of-the art, offshore 4G infrastructure to offer high-capacity and low-latency data and voice services to its clients in the GoM.
“It is great to finally complete this important strategic step for Tampnet’s presence in the GoM, which undoubtedly represents a game changer for the offshore telecommunications infrastructure in the area – while offering completely new ways of working for the offshore stake holders. As proclaimed at the time we entered into the agreement last year – we are excited about being able to provide the Oil and Gas industry with the latest high capacity and low latency 4G-technology in the same manner as we do in the North Sea. A year later – we now have even more experience with the benefits of 4G LTE in the offshore environment – and can confidently say that with the current challenges faced by the industry, this technology offers OPEX reductions, CAPEX reductions and more importantly – improvements in the HSEQ standards and crew welfare”, said Per Helge Svensson, CEO of Tampnet Group.
Tampnet operates the largest offshore high capacity communication network in the world and serves more than 240 O&G platforms, Floating Production Storage and Offloading units (FPSOs) and exploration rigs on the Danish, Norwegian and the UK continental shelves of the North Sea as well as in the GoM. In total, Tampnet owns and operates a redundant offshore infrastructure network based on 2,500km of subsea fiber optic cable in the North Sea, complemented with a large number of high-capacity, carrier grade radio links and 4G base stations.
Tampnet has since 2012 been owned by the EQT Infrastructure I and EQT Infrastructure II funds (“EQT Infrastructure”). EQT Infrastructure is part of EQT, the leading private equity group in Northern Europe with over EUR 22 billion in raised capital. EQT Infrastructure has extensive experience from both the communication and O&G sectors, and sees strong growth and strategic development potential for Tampnet with the acquisition of Broadpoint and the long-term partnership with the telecom carrier.
To learn more, please contact
Trygve Hagevik, Chief Sales Officer
24275 Katy Freeway, Suite 240
Katy, TX 77494