Speedcast Ltd News

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.

Thrane & Thrane, a manufacturer of equipment and systems for global mobile radio and satellite communications, and SpeedCast Ltd., a satellite telecommunications service provider, announced the upcoming launch of the SAILOR 900 VSAT antenna system on SpeedCast’s Global Maritime Broadband Network. The partnership allows Thrane & Thrane and SpeedCast to respond to the increasing demand for satellite communications in the maritime community. Thrane & Thrane and SpeedCast have agreed to enter into the partnership to provide comprehensive broadband packages comprised of the SAILOR 900 VSAT…