. 24/7 Space News .
GlobeTel Enters JV To Deploy Stratellites In Europe, Middle East, And Africa

File image of Sanswire One
Fort Lauderdale FL (SPX) Jul 13, 2005
GlobeTel Communications announced Tuesday that it has entered into a joint venture that will lead to the deployment of the company's high altitude communications platforms known as Stratellites, throughout Europe, the Middle East, Africa, and the countries of the former Soviet Union.

The joint venture is between Sanswire Networks, a wholly-owned subsidiary of GlobeTel, and a venture headed by Leo A. Daly III and J. Randolph Dumas, noted international businessmen and dealmakers. Sanswire will own 55% of the joint venture entity.

"We are excited to enter a joint venture with two people of such high caliber and who have tremendous enthusiasm for the Stratellite project. Working with Mr. Daly and Mr. Dumas, we will be able to open doors to governments and corporations across Europe and throughout the world," said Timothy Huff, GlobeTel's Chief Executive Officer.

"The Stratellite is a paradigm changing technology with which we are proud to be associated," stated Mr. Daly, who will be Chairman of the joint venture. "We have known Tim Huff for a number of years, and are excited about the Stratellite and glad to be working with him."

Messrs. Daly and Dumas will use their extensive world-wide business relationships to introduce the Stratellite program to officials at the highest levels of government and business on three continents.

Mr. Daly is the third generation Chairman and owner of Leo A. Daly, the world's largest privately-owned architectural, engineering and design firm, with approximately 1,400 professional employees and 16 strategically located offices in the United States, Europe, Asia and the Middle East.

As a result of his exceptional business, political and social standing around the world, Mr. Daly has developed a cadre of close personal relationships with leading political figures, heads of state, influential business, cultural and social personalities and other world leaders.

Mr. Dumas is Managing Partner of Rubikon Partners, an international private equity fund that focuses on corporate leveraged buyouts in Europe.

With more than 25 years of business experience in Europe, Mr. Dumas began his business career in London as a partner with Salomon Brothers, following a career as a Naval Aviation Officer and after receiving his MBA from The Wharton School at the University of Pennsylvania.

Related Links
Sanswire Networks
GlobeTel Communications
SpaceDaily
Search SpaceDaily
Subscribe To SpaceDaily Express

Boeing ScanEagle UAV Completes Sea Trials Aboard U.S. Navy Ship
St Louis MO (SPX) Jul 12, 2005
ScanEagle, a long-endurance fully autonomous unmanned aerial vehicle (UAV) developed by Boeing and The Insitu Group, has successfully completed sea trials aboard the USS Cleveland as part of the U.S. Navy-sponsored 2005 Joint Task Force Exercise



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only














The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.