SpeedCast Buys Up NewSat’s Teleport and Satellite Services Business
[Via Satellite 07-10-2015] SpeedCast International has acquired the assets of the teleport and satellite services business from the financially troubled NewSat. The assets include the land and buildings at NewSat’s teleport facilities in Adelaide and Perth, Australia, 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 United States.
SpeedCast said in a statement that the addition of NewSat’s infrastructure assets in Australia will complement the company’s existing regional infrastructure and provide expansion capabilities for serving energy, government and telecom customers in the Asia-Pacific, Middle East, and Africa regions.
“Our well established Australian network, augmented by NewSat’s infrastructure assets and customer base, will enable us to expand our presence in the market, in particular with government and Perth-based customers to which we can sell additional services globally, as well as enhance the level of local support previously available to our customers,” said Pierre-Jean Beylier, CEO of SpeedCast.