Satellite service provider SatADSL announced that it has secured a capital boost of 1 million euros from a private Belgian equity investor, to further its business strategies in sub-Saharan Africa over the next five years.

Headquartered in Belgium, SatADSL, provides sub-Saharan African countries with internet access and communication services by satellite at an affordable price.

According to a statement the company plans to use the investment for growth strategies aimed at connecting thousands of branch offices of African companies in sub-Saharan Africa with global, reliable and affordable satellite communications.

“This is a further step in the direction of making SatADSL a big success” said Thierry Eltges, SatADSL chief executive officer.

Eltges added, “We are fully committed to offering impeccable quality of service to our African customers and generate value for our shareholders.”

“This capital increase will provide us with the means to support our growth strategy and to further develop our low-cost multi-service delivery platform for the benefit of our African customers,” he said.