SpeedCast acquires NewSat teleport, satellite business
July 10, 2015
SpeedCast, a global satellite telecommunications service provider, has acquired the assets of the teleport and satellite services business of NewSat from its receivers. The assets include the land and buildings at NewSat’s teleport facilities in Adelaide and Perth and the associated plant and equipment, as well as most of the customer and supplier contracts. SpeedCast is also retaining 20 key employees, in the operations and engineering department and in sales, including in the US.
NewSat’s customer base is composed of a strong reseller network, blue chip enterprise customers and government customers. These customers are being provided satellite services out of two world-class teleport facilities in Adelaide and Perth.
For SpeedCast, the addition of NewSat’s infrastructure assets in Australia will complement the company’s existing infrastructure in the region, provide expansion capabilities and enhance its ability to deliver high quality satellite communications services to its energy, government and telecom customers in Asia-Pacific, Middle-East and Africa.
“We continue to execute on our strategy of growing the business through strong organic growth in the end markets we operate in, and through acquiring value enhancing assets in key locations and/or industries where we see long-term sustainable growth,” said Pierre-Jean Beylier, CEO of SpeedCast.