SpeedCast International, a global satellite telecommunications service provider, has entered into a definitive agreement to acquire ST Teleport, a satellite communications services provider based in Singapore. The acquisition includes ST Teleport’s teleport facilities and data centre infrastructure in Singapore, a major hub in Asia for global maritime and oil & gas customers. The acquisition enables SpeedCast to remain the partner of choice for satellite communications in Asia-Pacific and further strengthens the Company’s position in both the maritime and energy sectors.
“The acquisition of ST Teleport takes our capabilities in the strategic hub of Singapore to a completely different level. This is very important for our growth in Asia-Pacific in maritime and energy,” said Pierre-Jean Beylier, CEO of SpeedCast. “Our customers will be able to leverage an impressive infrastructure and about 50 communications and IT experts to meet their business needs. ST Teleport represented a significant opportunity, as it is one of only two major teleport infrastructures in Singapore, at the heart of our core Asian maritime and energy markets.”