Speedcast buys Newsat’s teleport, satellite services business

Satellite telecommunications service provider, SpeedCast International, has bought the assets of teleport and satellite services business NewSat.

The assets include the land and buildings at NewSat’s teleport facilities in Adelaide and Perth, Australia, and the associated plant and equipment. Speedcast said it also acquiring most of Newsat’s customer and supplier contracts and retaining “20 key employees” in the operations and engineering department and in sales.