The first independent LeaseTech, SatLease Capital offers satellite-as-a-service financing to the service provider community. It enables end-users to simplify the cost and process of using the latest satellite telecommunications solutions by making fixed, regular payments instead of having to capitalise a large equipment purchase upfront.

Mike Carter, President, Enterprise at Inmarsat, said: “Inmarsat is pleased to welcome SatLease Capital to our ASP programme and to be working with them to support their ambitious growth plans. Innovative solution providers like SatLease Capital are enabling industries to use leading-edge technology to respond to some of the biggest global challenges. Inmarsat stands ready to support their journey through the provision of reliable connectivity through our industry-leading ELERA narrowband network, as well as go-to-market alignment and support.”

Sebastian Wittgenstein, Chief Executive Officer, SatLease Capital, added: “The high upfront capital cost of financing equipment is a major inhibitor of growth for service providers in the satellite telecom industry. That’s because their clients often struggle to make large hardware investments to access the latest in satcom technology. Our leasing arrangements make acquiring that technology simple and affordable. We’re thrilled to join Inmarsat’s ASP programme because we have reached the stage of our growth, where we need a trusted partner to help us scale across our business in the agricultural, mining, utilities and rail industries.”