Ted Manvitz, the Chief Investment Officer of IHS, Africa’s largest mobile telecommunications tower operators, has been appointed to the Advisory Board of Fibersat, a new satellite operator focused on providing ultra-low cost broadband in Africa.
Manvitz is responsible for all aspects’ of IHS’s M&A activities and debt and equity fund initiatives. He joined IHS in 2009 and since that time has raised over $5.2 billion in debt and equity funding and completed 12 acquisitions. Prior to 2009, he was managing director at ARM Capital Partners in Nigeria where he led Investment AB Kinnevik’s private equity investments in West and Central Africa.
Welcoming his appointment, Fibersat CEO, Christof Kern commented, “Mr. Manvitz brings a wealth of experience and knowledge regarding the African TMT sector to Fibersat. His experience with Mobile Network Operators across Africa will be very beneficial to convey our value proposition…”
The company’s Fibersat-1/Arabsat High Throughput satellite is planned to launch in 2018 and will provide video, data and telecommunications services to mobile network operators, carriers, governments, ISPs and enterprises in the Africa.