Asian satellite broadband provider SpeedCast has taken another step in its satcoms consolidation drive by snapping up Australia’s Pactel.
Founded in 1999, Pactel provides internet, private networking and voice services to telecoms, oil & gas…
Asian satellite broadband provider SpeedCast has taken another step in its satcoms consolidation drive by snapping up Australia’s Pactel.
Founded in 1999, Pactel provides internet, private networking and voice services to telecoms, oil & gas operators, governments and mining groups across the Pacific. It has 20 employees, and runs five teleports.
Financial details of the deal, which requires regulatory approval, were not disclosed.
Speedcast said the acquisition would give it more than 50 engineers to support an expanding customer and partner base in the Pacific.
It would add new points of presence and the infrastructure to cover the entirety of Australia, where it picked up a second teleport last year after acquiring Australian Satellite Communications (ASC). Speedcast said this would make it well-positioned to serve the growing number of natural resource customers it is gaining up in the country.
Headquartered in Sydney, Pactel also has hubs in Perth, Adelaide, Brisbane, Hawaii, Port Moresby and Jakarta.
CEO Pierre-Jean Beylier said: “With the Pactel acquisition, SpeedCast will further consolidate its Asia-Pacific leadership and its commitment to the Australian market and the Pacific islands.”
SpeedCast’s acquisition of ASC in December came just three months after it was itself bought by private equity firm TA Associates, which acquired the group from satellite operator AsiaSat for around US$32m.
In early 2013 it made its second acquisition since coming under private equity control, buying out Dutch maritime satcoms group Elektrikom Satellite Services to bolster its European operations.
SpeedCast has a network of 25 teleports worldwide and offers managed networks services in more than 35 countries throughout Asia, the Middle East, Europe and Africa.
Financial advisers were not used in its latest deal.
