SpeedCast International is acquiring ST Teleport, a satellite communications services provider based in Singapore.
The acquisition includes ST Teleport’s teleport facilities and data centre infrastructure in Singapore.
Established in 1994, ST Teleport is an independent provider of satellite services in Singapore. ST Teleport focuses on maritime, energy, enterprise and media verticals and serves a base of local and international customers.
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, facilitating an extensive reach in global content and data distribution.
“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.
“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.
“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.”
The acquisition of ST Teleport is subject to regulatory approval. This is the fifth acquisition announced by SpeedCast in 2015.
