SpeedCast to Buy ST Teleport, Makes Fifth Acquisition of 2015
[Via Satellite 11-13-2015] SpeedCast has entered a definitive agreement for ST Teleport, a leading satellite communications services provider based in Singapore. The acquisition, subject to regulatory approval, is the fifth of the year for SpeedCast, and includes the teleport facilities and data center infrastructure ST Teleport owns in Singapore. SpeedCast anticipates this will bolster its presence in the maritime and energy sectors.
Established in 1994, ST Teleport focuses on maritime, energy, enterprise and media verticals serving local and international customers. The company has obtained various certifications for quality, environmental, health and safety standards through work servicing offshore companies. ST Teleport supports access to more than 22 satellites and direct connections to fiber switches in Asia and in the United States. The infrastructure further complements the teleports SpeedCast gained earlier this year in Australia through the NewSat acquisition.
SpeedCast’s customers will benefit from being able to land their traffic in Singapore, collocate equipment there, leverage a stock of spare parts, and take advantage of an offshore certified engineering team, as well as a 24/7 customer support center. The associated lab will also allow customers to test applications and do live proofs of concept on site.