SpeedCast Announces Buyout of Pactel International
Sydney, Australia, April 22, 2013--SpeedCast Ltd today announced the buyout of Pactel International, a satellite communications service provider based in Australia. Pactel provides satellite communications solutions throughout Australia and the Pacific. The company focuses on servicing its customers’ requirements for Internet, private networking and voice services. Founded in 1999, Pactel is headquartered in Sydney, Australia, and has additional offices in Perth, Australia and Jakarta, Indonesia.
With this acquisition, SpeedCast will offer unique engineering capabilities with over 50 skilled engineers across the Asia-Pacific region, allowing it to continue to support its growing base of customers and partners there. SpeedCast’s network of 25 teleports worldwide provides global services with unmatched flexibility and redundancy. With this solid foundation, SpeedCast has the ability to deliver custom-engineered and highly reliable communications solutions for its customers across all major industry segments. In particular, in the Australian market, SpeedCast will further extended its stronghold with new points of presence and infrastructure covering the entire continent from Sydney to Perth, from Darwin to Adelaide. SpeedCast will be well-positioned to serve its growing number of natural resource customers and support their mission-critical communications in Australia and around the world, accoridng to the company.
Joining the SpeedCast Group, Pactel will be able to offer its customers a wider portfolio of products and services and better serve its customers’ needs worldwide. With SpeedCast’s financial and logistical strength, Pactel will be able to finance even larger-scale projects with short lead times. SpeedCast will leverage Pactel’s outstanding team to continue to provide excellent services to existing Pactel customers, while augmenting SpeedCast’s own team and expertise. In particular, Pactel's management team will continue with SpeedCast to further develop SpeedCast’s business in Australia and the Pacific. Pactel’s Sydney network operations center (“NOC”) and teleports will complement SpeedCast’s current Australian infrastructure, adding additional points of presence in this important market. The combination will also provide additional levels of redundancy for the Australian customers of both companies and also offer multiple landing points in the country. “We look forward to joining SpeedCast, a leader in satellite communications services in Asia-Pacific,” said Andrew Taylor, CEO at Pactel. “With SpeedCast’s experience and infrastructure, we believe that Pactel will have the opportunity to drive further growth and advance our commitment to providing our customers with reliable and efficient solutions.” Pactel’s Executive Director, Steffen Holzt added, “We see a great opportunity to offer our customers a broader range of satellite services and solutions, global satellite coverage and worldwide engineering support.” Mr. Taylor and Mr. Holzt will remain with the new merged entity and take on leadership roles within SpeedCast.
This acquisition follows SpeedCast's acquisitions earlier this year of Australian Satellite Communications (“ASC”) and Elektrikom Satellite Service (“Elektrikom”), two leading service providers in their respective markets. The closing of the transaction is subject to regulatory approval.
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