SpeedCast International Limited
(ASX:SDA) has acquired NewSat’s Teleport and Satellite Services business from its receivers.
The satellite service provider says the assets are in Adelaide and Perth and the company will also retain some 20 key employees.
The addition of NewSat’s infrastructure assets in Australia will compliment the company’s existing assets in the region and provide expansion capabilities.
CEO Pierre-Jean Beylier says the company will continue to grow organically and through acquiring value enhancing assets in key locations.
SpeedCast International reported a net loss of $8.46 million in the 2014 calendar year.
