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Maritime Digitalisation & Communications

New plans unveiled after US$135M acquisition

Tue 11 Sep 2018 by Martyn Wingrove reporting from SMM, Hamburg

New plans unveiled after US$135M acquisition
Athina Vezyri: "VSAT has opened the door to faster implementation of technology”

Speedcast International has launched four VSAT service packages for maritime services after announcing its intention to acquire a rival player in the sector for US$135M.

These new VSAT plans will increase bandwidth access to merchant shipping, passenger ships and offshore sectors while providing more flexibility, said Speedcast executive vice president for maritime Athina Vezyri.

The four connectivity plans are: Quota, Burst, Guaranteed and Professional, with the top package delivering high-speed broadband and 100 GB of data shared throughout the month.

These plans were presented at the SMM exhibition in Hamburg, Germany, this month after Speedcast announced it had entered into a definitive agreement to acquire Globecomm Systems. It is paying US$135M to Globecomm owners, HPS Investment Partners and Tennenbaum Capital Partners, with the transaction expected to close in Q4 2018.

“Our acquisitions mean we are now the number one in marine VSAT,” Ms Vezyri said at SMM. “But we focus on organic growth in building ship numbers.”

This is why Speedcast introduced the four new plans for Ku-band VSAT. “We deliver up to 10 Mbps connectivity speeds and have bandwidth flexibility solutions,” she said.

Ms Vezyri expects demand for VSAT “to shoot up” in the next five years due to the need to improve crew welfare services on board ships and to provide enough bandwidth for data transmissions.

“VSAT has opened the door to faster implementation of technology,” she explained. “VSAT is good for crew welfare, but a new driver in demand is data and business communications.”

Speedcast provides VSAT through its Ku-band global network and Sigma Gateway connectivity. It can also provide VSAT over C-band. Speedcast is also a leading distribution partner of Inmarsat’s Fleet Xpress Ka-band VSAT service and has multiple L-band complimenting services.


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