“There have been discussions of excess capacity causing a bandwidth glut that will lead to commoditization of service and falling prices in maritime markets,” KVH Chief Executive Martin Kits van Heyningen said Nov. 2. “That’s hurt the share price of most of the satellite companies. But as one of the world’s largest customers for maritime bandwidth, we see this as great news for KVH." Credit: KVH

KVH banking on capacity glut to halve its bandwidth costs

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Maritime satellite communications hardware and services provider KVH is seeking to reduce the amount it pays for future satellite capacity by 50 percent, banking on a market oversupply to work to it advantage.

Business KVHmaritime connecitivy
Pierre-Jean Beylier CEO, SpeedCast. Credit: SpaceNews/Kate Patterson.

SpeedCast to purchase Harris CapRock for $425 million in cash

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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.

Business Harris CapRockmaritime connecitivySpeedCast