News Column

SpeedCast Announces The Acquisition Of Oceanic Broadband And Further Expansion Into Papua New Guinea

June 18, 2014



SINGAPORE -- SpeedCast, a leading global satellite telecommunications service provider, today announced the acquisition of Oceanic Broadband, a leading 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 many 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.

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."

"SpeedCast's commitment to innovation and reputation as a leading player in satellite mean they are a perfect fit for us," said Tony Waters, CEO of Oceanic Broadband. "Working collaboratively, we can expand the scope and scale of our offerings to even better meet the needs of the natural resource, Government and NGO sectors in the region."

This acquisition follows SpeedCast's successful acquisitions of established satellite industry players in the Australasia region, Australian Satellite Communications, Pactel International and SatComms Australia, over the past 18 months, as well as Elektrikom Satellite Services in the maritime sector.

If you would like to find out more about SpeedCast's work in the Pacific region, please contact SpeedCast's Marketing Manager for Australia and Pacific, Katia Gryadunova at kgryadunova@speedcast.com, or call +61 2 9086 2795. For general information about SpeedCast, please visit www.speedcast.com.

About SpeedCast Ltd

SpeedCast is a leading global network and satellite communications service provider offering high-quality managed networks services in over 60 countries; and a global maritime network serving customers worldwide. Headquartered in Hong Kong, with 14 international sales & support offices and 24 teleport operations, SpeedCast has a unique infrastructure to serve the requirements of customers globally. With over 4000 links on land and at sea supporting mission critical applications, SpeedCast has distinguished itself with a strong operational expertise and a highly efficient support organization, which are the foundation of SpeedCast's success. SpeedCast is majority owned by TA Associates. For more information, visit www.speedcast.com.

About Oceanic Broadband Solutions Pty Ltd

Oceanic Broadband provides high speed, business grade satellite internet, telephony and IPTV services throughout Australia and the Pacific Islands. Oceanic specialises in providing end-to-end design solutions, installation, training and support for wireless and satellite broadband networks. One of Oceanic's objectives is to assist disadvantaged communities in Asia Pacific by getting them connected and providing low cost internet, voice and TV services. Government, mining, oil and gas companies, banks, schools/universities, missions, resorts and small businesses in remote, isolated locations have decided to talk with Oceanic about their requirement. For more information: www.oceanicbroadband.com.au. For sales inquiries: info@oceanicbroadband.com.au.

Contact: For SpeedCast: Allen Schoonmaker

SpeedCast Limited

+852 3919-6826 allen.schoonmaker@speedcast.com

For Oceanic Broadband:

Kathryn Buchanan

Oceanic Broadband Solutions

+ 61 3 9912 8943

kathryn.buchanan@oceanicbroadband.com.au

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Source: M2 PressWIRE


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