Speedcast Acquires Oceanic Broadband

Singapore, June 18, 2014 – SpeedCast, today announced the acquisition of Oceanic Broadband, an integrator and solutions provider in the Oceania region. The acquisition will strengthen SpeedCast’s growing leadership position in Australasia servicing the natural resource sector, a market which Oceanic has been successfully developing for several years.

Oceanic Broadband specializes in providing end-to-end wireless and satellite services, and has been a long-term SpeedCast partner. The successful relationship has seen the companies support a broad range of customers and applications, particularly in the Papua New Guinea market, which accounts for the majority of Oceanic's business.

With Oceanic’s technical expertise and network infrastructure in Papua New Guinea, SpeedCast strengthens its ability to design, install, operate and support communications networks for its oil & gas, mining and NGO customers, as they expand into this growing market. In particular, the Port Moresby teleport will provide SpeedCast customers with the benefit of an additional point of presence and allow them to connect their remote sites to Port Moresby in one single satellite hop, according to a company statement.

Oceanic's outstanding customer base in the natural resource, Government, and NGO sectors will benefit from SpeedCast's extensive engineering and support capabilities, world-class network infrastructure, global coverage and broad portfolio of communications solutions.  The acquisition further reinforces SpeedCast’s dedication to delivering the best-in-class communications services to its customers operating in the Australasian markets.

Pierre-Jean Beylier, CEO of SpeedCast, said: “This latest investment, like our recent SatComms Australia acquisition, further cements our ability to provide our natural resource customers with an unmatched level of local infrastructure and support in the key markets where they operate.  In addition, it establishes a strong point-of-presence for SpeedCast in the fast growing PNG market, strengthening our position as the leading satellite service provider in the Asia-Pacific region.”

This acquisition follows SpeedCast’ other acquisitions of satellite companies in the Australasia region, including Australian Satellite Communications, Pactel International and SatComms Australia, over the past 18 months, as well as Elektrikom Satellite Services in the maritime sector. 

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