Satellite Today — Satellite: 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.
IT News — Global satellite operator SpeedCast has snapped up both of NewSat’s Australian teleport sites as the failed local company looks to dispose of its assets and pay down debt after being forced in receivership in April. In a $12 million deal, SpeedCast will take over NewSat’s Perth and Adelaide teleports, including all land, buildings and equipment, plus “most” of its existing customer contracts.