One of the leading Canadian satellite technology companies has opened an office in Monaco. Norsat International [1] say in their press release [2] that they hope to use the base to enter markets in Southern Europe, the Middle East and North Africa.
Links:
[1] http://www.norsat.com/
[2] http://www.norsat.com/press-releases/norsat-expands-sales-presence-in-europe-middle-east-and-africa