SINGAPORE - SpeedCast International Ltd, a global satellite telecommunications service provider, announced on Friday (Nov 13) that it has entered into a definitive agreement to acquire Singapore-based ST Teleport.
SpeedCast, which is Hong Kong-based and Australian-listed, said the deal includes ST Teleport's world class teleport facilities and data centre infrastructure in Singapore, a major hub in Asia for global maritime and oil & gas customers.
Set up in 1994, ST Teleport is an independent provider of satellite services in Singapore. It focuses on maritime, energy, enterprise and media markets and serves both local and international customers.
SpeedCast said its customers will now benefit from being able 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 centre. The associated lab will also allow customers to test applications and do live proofs of concept on site.
ST Teleport's hybrid satellite-fibre infrastructure supports access to more than 22 satellites and direct connections to fibre switches in Asia and in the US, for global content and data distribution. SpeedCast said services for maritime and oil & gas customers represent a significant percentage of ST Teleport's business, and will further enhance its position in these two sectors.
"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 Mr Pierre-Jean Beylier, CEO of SpeedCast. "Our customers will be able to leverage an impressive infrastructure and about 50 communications and IT experts to meet their business needs. ST Teleport represented a significant opportunity, as it is one of only two major teleport infrastructures in Singapore, at the heart of our core Asian maritime and energy markets."
SpeedCast said the acquisition of ST Teleport is subject to regulatory approval.