Hong Kong based satellite communication service provider SpeedCast has agreed to acquire assets of ST Teleport, including its teleport facilities and data center infrastructure in Singapore.
The deal is expected to further strengthen Speedcast’s position in the maritime and energy sectors, the company said in a statement.
Founded in 1994, ST Teleport is a leading independent provider of satellite service provider in Singapore focusing on maritime, energy, enterprise and media verticals and serving a strong base of local and international customers.
ST Teleport’s hybrid satellite-fiber infrastructure supports access to more than 22 satellites and direct connections to fiber switches in Asia and in the US, facilitating an extensive reach in global content and data distribution, according to the release.
With the acquisition, SpeedCast aims to significantly strengthen its presence in Singapore to serve its growing customer base there. The deal also extends SpeedCast’s global network with a state-of-the-art facility and infrastructure in a strategic location in Asia, the company said.
The infrastructure further complements the teleports acquired by SpeedCast earlier this year in Australia through the NewSat acquisition.
“The acquisition of ST Teleport takes our capabilities in the strategic hub of Singapore to a completely different level. This is very important for our growth in Asia-Pacific in maritime and energy,” said Pierre-Jean Beylier, CEO of SpeedCast.
“This acquisition is very complementary to both parties, and combining the strengths of SpeedCast and ST Teleport will allow us to present our customers new compelling solutions for their satellite communications needs.”
This enables SpeedCast’s customers to land their traffic in Singapore, co-locate equipment there, leverage a stock of spare parts, and take advantage of an offshore certified engineering team, as well as a 24/7 customer support center, Beylier noted.
The acquisition, the fifth announced by Speedcast this year, is subject to regulatory approval.