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Speedcast acquires Oceanic Broadband
MUMBAI: Global satellite telecommunications service provider SpeedCast has announced the acquisition of Oceanic Broadband, a leading integrator and solutions provider in the Oceania region.
The acquisition will strengthen SpeedCast’s growing leadership position in Australasia servicing the natural resource sector, a market which Oceanic has been successfully developing for many years.
Oceanic Broadband specialises in providing end-to-end wireless and satellite services, and has been a long-term SpeedCast partner. The relationship has seen the companies support a broad range of customers and applications, particularly in the Papua New Guinea market, which accounts for the majority of Oceanic’s business.
With Oceanic’s technical expertise and network infrastructure in Papua New Guinea, SpeedCast strengthens its ability to design, install, operate and support communications networks for its oil and gas, mining and NGO customers, as they expand into this growing market. In particular, the Port Moresby teleport will provide SpeedCast customers with the benefit of an additional point of presence and allow them to connect their remote sites to Port Moresby in one single satellite hop.
Oceanic’s outstanding customer base in the natural resource, Government, and NGO sectors will benefit from SpeedCast’s extensive engineering and support capabilities, network infrastructure, global coverage and broad portfolio of communications solutions.
SpeedCast CEO Pierre-Jean Beylier said, “This latest investment, like our recent SatComms Australia acquisition, further cements our ability to provide our natural resource customers with an unmatched level of local infrastructure and support in the key markets where they operate. In addition, it establishes a strong point-of-presence for SpeedCast in the fast growing PNG market, strengthening our position as the leading satellite service provider in the Asia-Pacific region.”
Oceanic Broadband CEO Tony Waters said, “SpeedCast’s commitment to innovation and reputation as a leading player in satellite mean they are a perfect fit for us. Working collaboratively, we can expand the scope and scale of our offerings to even better meet the needs of the natural resource, Government and NGO sectors in the region.”
This acquisition follows SpeedCast’s acquisitions of established satellite industry players in the Australasia region, Australian Satellite Communications, Pactel International and SatComms Australia, over the past 18 months, as well as Elektrikom Satellite Services in the maritime sector.