Speedcast announces buyout; also announces appointment of new Board Director and Chairman. SpeedCast Ltd. announced the buyout of SatComms Australia, a satellite solutions provider in Australia. The closing of the transaction is subject to regulatory approval. The acquisition will further consolidate SpeedCast’s leadership position in the Asia-Pacific region and provide SpeedCast with an expanded presence in Australia. SpeedCast also announced the appointment of Michael Malone as a nonexecutive Board Director and the appointment of John Mackay as Chairman of the Board.