Speedcast International signs new deal with Carnival

Company News

by Rachael Jones

Remote communication and IT solutions, Speedcast International (ASX:SDA) has signed a new contract, with Carnival Corporation, the world's largest leisure travel company.

They will provide remote communications and value-added services across the company’s global fleet of cruise ships.

The three-year material contract is expected to generate annual revenue of approximately 8- 9 per cent of expected full year 2019 revenue.

Speedcast has been delivering communications services to over 100 cruise ships across the various Carnival brands since 2013.

Shares in Speedcast International (ASX:SDA) are trading 1.32 per cent lower at $2:99.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.