Posted inCommercial

Maritime satcom consolidation continues with SpeedCast purchase of Eutelsat’s WINS

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.