SpeedCast
Speedcast to reorganize under Centerbridge Partners
Satellite communications provider Speedcast is scheduled to emerge from Chapter 11 bankruptcy by March 31 after winning approval to reorganize under a new owner, private Equity firm Centerbridge Partners.
Speedcast seeks $395 million exit from bankruptcy
Satellite communications provider Speedcast is seeking to sell itself to one of its largest debt holders as a means of exiting Chapter 11 bankruptcy protection.
Op-ed | An unexpected effect: the industry’s recent challenges prove the importance of space
Rationalization of the startup landscape and the right sizing of company balance sheets is inevitable, paving the way for “Space 3.0,” which will see the profitable and sustainable exploitation of entirely new market opportunities, backed by a growing base of enlightened stakeholders.
Iridium says coronavirus clouding revenue projection
The coronavirus pandemic is making it harder for Iridium to line up customers for its recently upgraded satellite constellation, but isn’t expected to reverse the company’s six-year annual growth streak, according to CEO Matt Desch.
Speedcast files for Chapter 11 bankruptcy
Speedcast International, a network services provider leasing capacity on more than 80 satellites, filed for Chapter 11 bankruptcy protection April 23, citing weakness in the cruise and oil markets.
Inexpensive flat-panel antennas will be a “game-changer”
For consumer adoption of broadband from satellites in low or medium Earth orbits, inexpensive flat-panel antennas are “critical,” said Pradman Kaul, Hughes Network Systems president and CEO.
No near-term satellite orders for ABS • Amazon joins SIA • Speedcast, Australian Space Agency team up
Fleet operator ABS expects to wait until 2021 before planning additional satellites.
Communications providers prepare for spike in demand
Satellite communications providers are forming partnerships, making acquisitions and developing new business models in anticipation of new satellite constellations and surging demand for data links.
Speedcast buying Globecomm for $135 million
Satellite communications provider Speedcast is purchasing Globecomm for $135 million in cash and debt, further expanding the company’s presence in the defense market.
Speedcast posts 136 percent revenue jump, seeks debt refinancing
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.
Bandwidth requirements to keep driving future satellite developments
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.
Speedcast buys UltiSat in anticipation of US defense spending surge
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.
SpeedCast to purchase Harris CapRock for $425 million in cash
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.
Satellite service providers Harris CapRock, Globecomm said to be for sale
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.
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.
