Speedcast Acquires NewSat's Teleport and Satellite Services Businesses

New South Wales, Australia, July 10, 2015 –SpeedCast International Limited oday announced that it has acquired the assets of the teleport and satellite services business of NewSat from its receivers. The assets include the land & buildings at NewSat’s teleport facilities in Adelaide and Perth and the associated plant & equipment, as well as most of the customer and supplier contracts.

SpeedCast is also retaining 20 key employees, in the operations & 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 teleport facilities in Adelaide and Perth.

“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.

“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. NewSat’s state-of-the-art teleport infrastructure and highly experienced operations and engineering team also enhances our ability to serve our customers in Asia-Pacific, thus strengthening our leadership position in the region, while giving us new capabilities to provide services into Middle East and Africa; it represents an attractive platform for future growth,” Beylier added.  

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