# Speedcast > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Speedcast > Markdown URL: https://mediated.wiki/source/Speedcast.md > Source: https://en.wikipedia.org/wiki/Speedcast > Source revision: 1356399134 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|Communications satellite company}} {{Multiple issues|{{COI|date=July 2017}} {{third-party|date=July 2017}}}} {{Use American English|date=March 2021}} {{Use dmy dates|date=March 2021}} {{Infobox company | name = Speedcast | logo = Speedcast-logo.png | logo_size = | logo_caption = | logo_padding = | image = | image_size = | image_caption = | trading_name = | native_name = | native_name_lang = | former_name = | type = Private | ISIN = | industry = [Satellite communication](/source/Satellite_communication) | genre = | fate = | founded = 1989 | founder = | defunct = | hq_location = | hq_location_city = [Houston](/source/Houston), [Texas](/source/Texas) | hq_location_country = [United States](/source/United_States) | num_locations = | num_locations_year = | area_served = Worldwide | key_people = Jim Frownfelter (CEO) | products = | brands = | production = | production_year = | revenue = | revenue_year = | operating_income = | income_year = | net_income = | net_income_year = | aum = | assets = | assets_year = | equity = | equity_year = | owner = [Centerbridge Partners](/source/Centerbridge_Partners) | members = | members_year = | num_employees = 1,200 | num_employees_year = | parent = | divisions = | subsid = | website = {{URL|speedcast.com/}} | footnotes = }} '''Speedcast''' is a company specializing in communications satellite technology. Speedcast has a global maritime network.{{Cn|date=December 2023}} The company serves over 3,200 customers in approximately 140 countries.{{Cite web |title=Speedcast Integrates New Global High Throughput Service from Starlink as Part of COSL Drilling’s Hybrid Solution |url=https://www.speedcast.com/newsroom/press-releases/2025/speedcast-integrates-new-global-high-throughput-service-from-starlink-as-part-of-cosl-drillings-hybrid-solution/}} Trading of Speedcast was suspended from the [ASX](/source/Australian_Securities_Exchange) on 3 February 2020.{{Cite web | url=https://www.asx.com.au/asxpdf/20200203/pdf/44ds29g147hlch.pdf | title=Speedcast International Limited (ASX: SDA) – Trading Halt | date=2020-02-03}} On 23 April 2020, Speedcast International filed for [Chapter 11 bankruptcy](/source/Chapter_11%2C_Title_11%2C_United_States_Code) in the United States.{{Cite web|url=https://spacenews.com/speedcast-files-for-chapter-11-bankruptcy/|title = Speedcast files for Chapter 11 bankruptcy|date = 23 April 2020}} On 11 March, 2021, Speedcast announced the completion of its restructuring and emerged from Chapter 11 proceedings under the ownership of [Centerbridge Partners](/source/Centerbridge_Partners), L.P.{{Cite web|date=2021-03-11|title=Speedcast {{!}} Speedcast Announces Successful Completion of Restructuring and Emergence Under New Ownership by Centerbridge|url=https://www.realwire.com/releases/Speedcast-Announces-Successful-Completion-of-Restructuring-and-Emergence|access-date=2021-03-11|website=RealWire}} == History == Speedcast was founded in September 1999 (it became Speedcast Ltd. in 2010). [AsiaSat](/source/AsiaSat) became a primary shareholder in Speedcast in March 2000. In November 2007, AsiaSat purchased all shares to become 100% owner of Speedcast.{{cite web |work=Telecom Asia Net. |date=2007-11-15 |title=AsiaSat to pay $3.4m for Speedcast stake |accessdate=2010-07-20 |publisher=telecomasia.net |url=https://www.telecomasia.net/content/asiasat-pay-34m-speedcast-stake-0}} Speedcast has launched a variety of satellite telecommunications services to customers.{{cite web |publisher=Speedcast Ltd. |date=2010-07-20 |title=Speedcast About Us. |accessdate=2010-07-20 |url=https://www.speedcast.com/company/about-us}} TA Associates, a global growth private equity firm, completed a buyout of Speedcast Ltd. from ("AsiaSat") in September 2012.{{cite web |date=2012-09-24 |title=TA Associates Completes Buyouts of Speedcast Ltd |accessdate=2012-09-24 |publisher=Speedcast Ltd. |url=https://www.speedcast.com/component/content/article/3-latest-news/232-ta-associates-completes-buyout-of-speedcast-ltd}} In 2012–2013, Speedcast completed the buyout of three satellite communications companies: *Australian Satellite Communications ("ASC") based in South Australia in December 2012; *Elektrikom Satellite Service ("Elektrikom") based in The Netherlands in January 2013; and *Pactel International ("Pactel") was based in Australia in April 2013. This group of companies formed the new Speedcast Group. In June 2014, Speedcast announced the acquisition of Oceanic Broadband, an Australian integrator provider.{{cite web |url=http://www.telegeography.com/products/commsupdate/articles/2014/06/20/speedcast-acquires-oceanic-broadband/ |archive-url=https://archive.today/20140622122423/http://www.telegeography.com/products/commsupdate/articles/2014/06/20/speedcast-acquires-oceanic-broadband/ |url-status=dead |archive-date=22 June 2014 |title=Speedcast acquires Oceanic Broadband |publisher=TeleGeography |date=2014-06-20 |accessdate=2014-06-22 }} In August 2014, Speedcast was listed on the [Australian Stock Exchange](/source/Australian_Securities_Exchange) under the ticker SDA. In 2015, Speedcast acquired six different companies: * On 25 February 2015, Speedcast Ltd. announced the official acquisition of Geolink Satellite Services (GEO), a provider of satellite communications worldwide.{{cite web|date=2015-02-25 |access-date=2015-02-25|title=SDA announces acquisition of Geolink Satellite Services|publisher=asx.com|url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01602384}} * On 16 March 2015, Speedcast acquired Hermes Data Communications International (HMS).{{cite web |url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01608558|title=Speedcast acquires Hermes Datacomms|publisher=asx|date=2015-03-16|access-date=2015-03-16}} * In July 2015, the company acquired [NewSat](/source/NewSat) Ltd., a satellite communication provider in [Australia](/source/Australia),{{cite web|date=2015-07-10|title=Acquisition of NewSat Teleport and Satellite service business|publisher=asx.com|access-date=2015-07-10|url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01640486}} and SAIT Communications, a supplier of [mobile-satellite services](/source/Mobile-satellite_service) in the southern European maritime market.{{cite web|date=2015-07-28|access-date=2015-07-28|title=Speedcast acquires SAIT Communications|publisher=asx.com |url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01644465}} * On 13 November 2015, ST Teleport, the satellite communications provider based in Singapore, was acquired by Speedcast.{{cite web |date=2015-11-13 |accessdate=2015-11-13 |title=Speedcast acquires ST Teleport |publisher=asx.com |url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01684571 }} * On 29 December 2015, Speedcast announced the official acquisition of Newcom International (NCI), a satellite communications service provider specializing in South and Central America.{{cite web|date=2015-12-29|access-date=2015-12-29|title=Speedcast acquisition of Newcom International|publisher=asx.com|url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01700164}} The following year, in August 2016, Speedcast signed the acquisition of WINS Limited, a provider of innovative broadband satellite communications and IT solutions for the maritime sector in Europe.{{cite web |date=2016-08-08 |access-date=2016-08-08|title=Acquisition of WINS Ltd and Equity Raising|publisher=asx.com|url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01764980 }} On 1 January 2017, Harris Caprock, a former communications provider specializing in services to remote conditions, was acquired by Speedcast.{{cite web |date=2016-11-01 |accessdate=2016-11-01 |title=SDA to acquire Harris CapRock and complete equity raising |publisher=asx.com |url=http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01797829 }} On 23 July 2017, the announcement was that Speedcast agreed to acquire UltiSat to create a new government division.{{cite web |date=2016-11-01 |accessdate=2016-11-01 |title=SpeedCast to Acquire UltiSat and Create a new Government Division |publisher=asx.com |url=https://www.asx.com.au/asxpdf/20170724/pdf/43ktpw1mjxfbkt.pdf }} In December 2017, the British Government partnered with Speedcast to give the residents of [Adamstown](/source/Adamstown%2C_Pitcairn_Islands), [Pitcairn Islands](/source/Pitcairn_Islands) a 5 Mbit/s shared [LTE](/source/LTE_(telecommunication)) Network. Speedcast acquired Globecomm for US$135 million in late 2018, noting at the time that it was a good strategic opportunity. Globecomm subsequently suffered a decline in maritime business and delays to government projects in the pipeline.{{cite web|date=2020-02-03|access-date=2020-02-03|title=Speedcast CEO resigns after "challenging" year|publisher=ARNnet.com.au |url=https://www.arnnet.com.au/article/670702/speedcast-ceo-resigns-after-challenging-year/ }} In February 2020, Speedcast started looking for a new CEO after PJ Beylier resigned from the post. Beyler's resignation came as the company's board warned its shareholders that its financial results for the 2019 financial year may not be within the company's guidance. Board directors Peter Shaper and Joe Spytek acted as interim co-CEOs of the company.{{cite web|date=2020-02-03|access-date=2020-02-03 |title=Speedcast CEO resigns after 'challenging' year |publisher=ARNnet.com.au |url=https://www.arnnet.com.au/article/670702/speedcast-ceo-resigns-after-challenging-year/}} On 23 April 2020, Speedcast filed for Chapter 11 bankruptcy. On 11 March 2021, Speedcast announced the completion of its restructuring and emerged from Chapter 11 proceedings under the ownership of [Centerbridge Partners](/source/Centerbridge_Partners), L.P. == Key personnel == Thomas Choi founded Speedcast in 1998 as CEO, and later, Pierre-Jean Beylier was hired to lead the sales and marketing activities. He later became CEO in July 2004. He resigned from his post in February 2020 after disfavored company financial results were reported. Joe Spytek became CEO in January 2021.{{Cite news|date=2021-01-25|title=Speedcast Ready to Emerge from Chapter 11 With New CEO - Via Satellite -|url=https://www.satellitetoday.com/business/2021/01/25/speedcast-ready-to-emerge-from-chapter-11-with-new-ceo/|access-date=2021-03-11|website=Via Satellite|language=en}} Jim Frownfelter is Speedcast's CEO as of January 2024.{{cite web | url=https://www.speedcast.com/about-us/leadership/ | title=Our Leadership Team }} == References == {{Portal|Spaceflight}} {{Reflist}} == External links == * [https://www.speedcast.com Official Website: www.speedcast.com] * [https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=269122624 Bloomberg Businessweek Company Profile] Category:Telecommunications companies of Australia Category:Australian companies established in 1999 Category:Telecommunications companies established in 1999 Category:Satellite broadcasting Category:Companies formerly listed on the Australian Securities Exchange Category:Companies that filed for Chapter 11 bankruptcy in 2020 --- Adapted from the Wikipedia article [Speedcast](https://en.wikipedia.org/wiki/Speedcast) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Speedcast?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.