Speedcast’s revenues more than doubled in 2017 as the satellite network operator began leveraging its acquisitions of U.S. companies Harris CapRock and UltiSat.
The requirement for higher and higher bandwidth will remain the major driver shaping future satellite infrastructure and services in the next five years, according to Mark Dankberg, chairman and CEO of Viasat.
WASHINGTON — Satellite connectivity provider Speedcast of Australia is buying UltiSat, a U.S. satellite network operator whose teleport is in Denmark, for at least $65 million, Speedcast announced Sunday night.
Satellite communications network service provider SpeedCast of Hong Kong on Nov. 1 said it would purchase competitor Harris CapRock in an all-cash transaction valued at $425 million.
Harris Corp. has put its CapRock maritime satellite services division on the sales bloc after concluding that the business will drop another 25 percent. Globecomm is also said to be up for sale.
Satellite fleet operator Eutelsat on Aug. 8 said it had sold its 70 percent stake in maritime satellite communications provider WINS Ltd to SpeedCast International for 60 million euros ($66.9 million) in cash. The deal is the latest in the long-expected consolidation of the maritime satellite communications market and comes just a week after Apax Partners-owned Marlink announced the acquisition of Telemar.